Twitter is said to have contacted byte hopping to acquire tiktoks US business

category:Finance
 Twitter is said to have contacted byte hopping to acquire tiktoks US business


For the deal, the source said twitter was much smaller than Microsoft, so it may encounter difficulties in acquiring funds. At present, tiktoks valuation in the United States is expected to be tens of billions of dollars, while the market value of Twitter is $29 billion, which is a big gap compared with Microsofts $1.6 trillion. Once the two sides reach a merger agreement, twitter will need to look for other investors to cooperate. However, smaller size is also an advantage for twitter, which faces less risk of antitrust scrutiny from big buyers like Microsoft. Overall, there is little chance of a deal between twitter and tiktok. Twitter, the main social media in the United States, has made profits in the past few years, but lost $1.23 billion in the latest financial report, compared with $7.8 billion in cash and short-term investment as of June. Twitter has also launched a short video app like tiktok, but it was closed in 2016. Source: interface news Author: Peng Xin, editor in charge: Zhong Qiming_ NF5619

For the deal, the source said twitter was much smaller than Microsoft, so it may encounter difficulties in acquiring funds. At present, tiktoks valuation in the United States is expected to be tens of billions of dollars, while the market value of Twitter is $29 billion, which is a big gap compared with Microsofts $1.6 trillion. Once the two sides reach a merger agreement, twitter will need to look for other investors to cooperate.

However, smaller size is also an advantage for twitter, which faces less risk of antitrust scrutiny from big buyers like Microsoft. Overall, there is little chance of a deal between twitter and tiktok.

Twitter, the main social media in the United States, has made profits in the past few years, but lost $1.23 billion in the latest financial report, compared with $7.8 billion in cash and short-term investment as of June. Twitter has also launched a short video app like tiktok, but it was closed in 2016.