Microsoft Corp (NASDAQ: MSFT) is in talks to acquire ByteDance Ltd-owned TikTok US arm, President Donald Trump said. TikTok has 170M US users, accounting for 4% of the US digital ad market. Other bidders include AI startup Perplexity and Frank McCourt. MSFT and Oracle Corp (NYSE: ORCL) were TikTok acquisition contenders in 2020. Trump had postponed the law enforcement banning TikTok for 75 days. Oracle co-founder Larry Ellison and Tesla Inc’s Elon Musk emerged as potential contenders. MSFT stock is up 0.62% at $437.27 premarket.
Microsoft Eyes TikTok US Deal, Trump Says Acquisition Talks Are Underway
