Microsoft's deal talks with TikTok 'ballooned' this summer after President Donald Trump intervened, according to a report from The New York Times.
have also been contacted by bankers and investors, but it's not clear if they're interested, according to the Times. In any case, deal talks between the parties have "morphed into a big, messy, political soap opera," according to report.
As for the price of TikTok, that's anyone's guess, but estimates range from $20 billion to $50 billion, depending on which bit of the company are sold. CNBC's David Faber reported earlier this month that. A deal with Microsoft could boost the valuation of TikTok's business outside China to up to $80 billion, according to sources cited by The Times. It's worth noting that any deal that is agreed could easily be derailed by Washington or Beijing.
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