Amid an impending ban on U.S. operations of TikTok, Twitter has expressed interest in acquiring the service, according to a new report from The Wall…
Amid an impending ban on U. S. operations of TikTok, Twitter has expressed interest in acquiring the service, according to a new report from The Wall Street Journal. The report explains that it is not immediately obvious why Twitter is interested in purchasing TikTok, given the cost of acquisition and the need for substantial restructuring. Twitter’s comparatively small size would, however, likely please antitrust investigators. Twitter has a market capitalization of around $30 billion, which is almost as much as the valuation of TikTok’s available assets, and would need to raise substantial additional capital. Twitter is therefore thought to be unable to finance a large enough bid to displace Microsoft as the front-runner, particularly before the deadline to complete a sale set out by President Trump.
