Ives said he estimates TikTok’s valuation could reach $200 billion within just a few years “given the steep user and engagement trajectory of TikTok.” DA Davidson analyst Rishi Jaluria agreed, saying TikTok has the potential to grow “exponentially,” especially because social media use has exploded during the coronavirus pandemic.
News of the possible deal broke on Friday, and since the closing bell on Thursday, Microsoft’s market cap has gained $80 billion, a sign that investors like the idea. Microsoft would probably pay some portion of $50 billion - the estimated valuation of TikTok as a standalone business - to take control of the app’s operations in the United States, Canada, Australia and New Zealand. Microsoft says it is still talking with Trump about buying TikTok from its Chinese owner (Photo by Drew Angerer/Getty Images) Drew Angerer/Getty Images The Galaxy Note 10 and Galaxy Note 10 Plus go on sale August 23 starting at $949. Satya Nadella, chief executive officer of Microsoft, speaks during a launch event for the new Samsung Galaxy Note 10 smartphone at Barclays Center on Augin the Brooklyn borough of New York City. “This is a unique deal of a decade opportunity with a price tag that could easily be consummated,” Wedbush analyst Dan Ives wrote in a note to investors Monday. Multiple analysts have described the acquisition as a potential “coup” for Microsoft - an opportunity to scoop up one of the world’s fastest growing social media platforms at a time when TikTok may be desperate to make a deal. (AAPL) are facing antitrust scrutiny that would likely get in the way of an acquisition. While other Big Tech firms might seem like a more natural fit to acquire TikTok - Facebook It’s clear why TikTok would be interested in the deal: Trump has said he will ban the app if it doesn’t find an American buyer by September 15. Still, analysts say the deal is almost certain to be worthwhile for both companies. And Microsoft has in recent years shifted its strategy away from consumers toward businesses. The transaction could be complicated and difficult to accomplish. (MSFT) on Sunday said it is pushing forward with talks to acquire TikTok, following a conversation between CEO Satya Nadella and President Donald Trump, who previously threatened to ban the app in the United States. TikTok is scrambling to keep its American presence alive, and Microsoft has emerged as a potential, albeit unlikely, savior.
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