Microsoft to Continue Discussions to Acquire TikTok from ByteDance to Conclude the Negotiations by September 15 (2024)

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Microsoft Corporation

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MSFT

US5949181045

Software
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21:00:00 07/06/2024 BST
5-day change 1st Jan Change
423.8 USD -0.16% Microsoft to Continue Discussions to Acquire TikTok from ByteDance to Conclude the Negotiations by September 15 (2) +2.10% +12.71%
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August 03, 2020 at 07:01 am

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TikTok Inc. owner Beijing Byte Dance Telecommunications Co. Ltd. will move its headquarters to London from Beijing under a deal approved by British ministers, The Sun newspaper reported. ByteDance’s founders are to announce their intention to set up shop in London soon, the newspaper said, adding that the move was likely to upset U.S. President Donald Trump who has considered banning TikTok in the United States. It was not immediately possible to reach TikTok for comment. Microsoft Corporation (NasdaqGS:MSFT) said on August 2, 2020 that it would continue discussions to acquire TikTok from ByteDance, and that it was aiming to conclude the negotiations by September 15.

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Microsoft to Continue Discussions to Acquire TikTok from ByteDance to Conclude the Negotiations by September 15 (4)

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Company Profile

Microsoft Corporation is the world's leader in the design, development and marketing of operating systems and software programs for PC's and servers. The group also builds and sells computer equipment. Net sales break down by activity as follows:- sale of operating systems and application development tools (47.9%): primarily for servers (Azure, SQL Server, Windows Server, Visual Studio, System Center, GitHub, etc.) and (Windows);- development of cloud-based software applications (23%): programs for productivity (Microsoft 365; Word, Excel, PowerPoint, Outlook, OneNote, Publisher and Access), integrated management and customer relationship management (Dynamics 365), online file sharing and management (OneDrive), and unified and collaborative communications (Skype and Microsoft Teams);- sale of video gaming hardware and software (7.3%) : mainly Xbox;- enterprise services (3.6%);- sale of computers, tablets and accessories (2.6%);- other (15.6%).The United States accounts for 50.4% of net sales.

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Software

Calendar

22/07/2024 - Q4 2024 Earnings Release (Projected)

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Ratings for Microsoft Corporation

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Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Microsoft to Continue Discussions to Acquire TikTok from ByteDance to Conclude the Negotiations by September 15 (6)

Buy

Mean consensus

BUY

Number of Analysts

58

Last Close Price

423.8USD

Average target price

485.3USD

Spread / Average Target

+14.49%

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Microsoft to Continue Discussions to Acquire TikTok from ByteDance to Conclude the Negotiations by September 15 (2024)

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