Microsoft stock is rallying Monday amid widespread enthusiasm for the company’s potential acquisition of the some operations of the video-social media site TikTok from China-based ByteDance, reportedly for as much as $50 billion.
On Monday afternoon, President Donald Trump told reporters that the U.S. Treasury should get “a very substantial portion” of the sales price of any transaction “because we’re making it possible for this deal to happen.” The White House didn’t explain how that would work.
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https://www.barrons.com/articles/microsoft-stock-spikes-on-tiktok-deal-talks-why-fastly-and-softbank-are-also-up-51596477024