In a rather surprising development for the company, Microsoft (MSFT) has been rumored to be among those in play to buy TikTok. Indeed, the tech company is one of a slew of high-profile names looking to purchase the immensely popular social media platform, as it looks to secure a US buyer.
US President Donald Trump told reporters Monday that the Windows software developer was “in talks” to acquire the platform, according to a USA Today report. Moreover, Trump noted that he would “like to see a bidding war over the app.” However, if the acquisition is finalized, it would certainly have massive implications for the company’s stock.
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Microsoft Looking to Buy TikTok, Trump Says: Why It Could be Huge for MSFT
One of the ongoing business world developments that has caught the attention of the general public has been the race to buy TikTok. Indeed, the incredibly popular application was faced with a nationwide banning as the Biden administration left office. Early into his second term, Donald Trump signed an executive order to delay that ban by 75 days.
Yet, it has not changed the necessity for the social media platform to be purchased. Now, all eyes are on prospective buyers. There is no shortage of interest, but there have also been no concrete offers being made. That may be changing now, as Microsoft (MSFT) may be in line to buy TikTok.
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Trump has confirmed Microsoft’s interest while also noting the process is ongoing. He assured that he is in discussion with multiple parties to purchase the app. Moreover, he noted that the situation would likely be resolved over the next 30 days.
The platform is incredibly popular, with over 170 million American users. Yet, ByteDance, its Chinese owner, has not commented on Microsoft, or any companies, acquisition interest. There is no denying that a sale would be huge for anyone.
However, it could be massive for Microsoft in particular. The firm has not been shy about making significant investments in recent years. It purchased OpenAI after the rise of ChatGPT for $13 billion. That has been called some of the “best money ever spent.” Similarly, TikTok could have interesting potential as it creates an avenue of entry for the Microsoft developer into the social media sector.