“Microsoft could buy TikTok for as much as $30 billion”
August 5, 2020
“Microsoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of the Sept. 15 deadline, CNBC’s David Faber reported Wednesday. The deal could be worth up to $30 billion.
If the deal goes through, Microsoft has already agreed with the U.S. government to bring TikTok’s code from China to the U.S. within one year. Faber also reported that the two sides haven’t landed on a price for TikTok yet, but it could be between $10 billion and $30 billion. Treasury Secretary Steve Mnuchin is “deeply involved” in process, according to Faber…”
https://www.cnbc.com/2020/08/05/microsoft-has-one-year-to-transfer-tiktoks-code-to-the-us.html