Trump is turning the fate of TikTok into a public bidding war
Published On Jan 29, 2025, 4:00 AM
The article discusses the potential sale of TikTok's U.S. operations in a bidding process initiated by President Trump. Several notable tech figures are rumored as potential buyers, including Microsoft, Elon Musk, and Larry Ellison from Oracle. Trump's administration is pushing for a deal to be finalized in 30 days, and various bids are emerging, with one being a collaboration between Perplexity AI and other investors.
Stock Forecasts
MSFT
Positive
The news indicates significant interest in TikTok's operations, which could drive up the stock prices of involved companies due to the associated market potential. Companies like Microsoft and Oracle stand to gain from a successful acquisition. Investors may find opportunities in these tech stocks as the bidding progresses. Furthermore, companies positioned in digital infrastructure or social media might also benefit indirectly from TikTok’s possible operational changes and strategic partnerships.
TSLA
Positive
Elon Musk's mention as a potential bidder could see Tesla's stock gaining momentum, as investors may perceive this as a strategic alignment that could bolster Musk's existing social platform. However, regulatory hurdles remain substantial, which could temper market enthusiasm.
ORCL
Positive
Oracle's direct involvement, especially with Trump's backing, suggests a possible uptick in Oracle's stock prices if their bid is taken seriously and if discussions progress favorably, enhancing their market position in cloud services and data management related to social media.
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