Tech Magazine Kenya
  • Home
  • News
    • Kenya
    • World
  • Reviews
  • Tech Tv
No Result
View All Result
  • Home
  • News
    • Kenya
    • World
  • Reviews
  • Tech Tv
No Result
View All Result
Tech Magazine Kenya
No Result
View All Result
Home News

Twitter is reportedly in talks to acquire TikTok operations in the US

It's very early, but would be huge if it moved forward

by Tech Magazine
August 10, 2020
in News, World
1 min read
0 0
Twitter is reportedly in talks to acquire TikTok operations in the US
Share on FacebookShare on Twitter

TikTok’s list of suitors is extending significantly beyond Microsoft. Wall Street Journal sources say Twitter has held “preliminary talks” about a possible union with TikTok’s US business. It’s still very early, and might not move forward, but Twitter reportedly believes it has an advantage over bidders like Microsoft due to its size. It thinks it wouldn’t face as much antitrust scrutiny if it clinched a deal, according to the tipsters.

Twitter’s size could also be a drawback, however. TikTok’s US business alone could be worth tens of billions of dollars, and that would be a serious obstacle when Twitter’s entire market capitalization is $29 billion. It would likely need to draw on help from investors and take on a large amount of debt. And while it has been relatively successful in recent years, it suffered a loss of more than $1.2 billion in its latest quarter. The company might not be in a position to buy a behemoth like TikTok.

You MayLike

You Can Now Buy A Tesla With Bitcoin

Twitter Testing A Feature To Enable You Watch YouTube Videos On A Tweet

Kenyans Wishing To Own And Operate Drones To Pay KSh3,000 Registration Fee

A deal would dramatically change Twitter’s course, though. It’s considered small relative to Facebook at the moment, but it would suddenly have considerably more clout — it has 186 million daily active users worldwide, but TikTok was said to have 41 million (not including its Chinese sibling Douyin) before the pandemic. Unlike the ill-fated Vine deal, TikTok would likely have to be treated more as a full-fledged counterpart to Twitter than a compliment.

Whether or not Twitter makes a move, the report underscores the pressure on TikTok. President Trump has given the company until September 15th to sell its US operations if it wants to avoid a ban in the country. TikTok doesn’t have much time to close a deal, and that means being open to offers it wouldn’t have entertained in the past.

Tags: Social MediaTik TokTwitter
Previous Post

Goodbye Toshiba laptops

Next Post

Safaricom raises minimum M-Shwari loan limit to KSh 2,000

Related Posts

ASUS Zenbook S 13 OLED. Our Hands-on Review
Kenya

ASUS Zenbook S 13 OLED. Our Hands-on Review

September 28, 2023
Safaricom Cleared To Invest In Startups
Kenya

Safaricom Cleared To Invest In Startups

August 25, 2023
ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand
Kenya

ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand

August 17, 2023
Next Post
Safaricom raises minimum M-Shwari loan limit to KSh 2,000

Safaricom raises minimum M-Shwari loan limit to KSh 2,000

Editor’s Pick

ASUS Zenbook S 13 OLED. Our Hands-on Review

ASUS Zenbook S 13 OLED. Our Hands-on Review

September 28, 2023
Safaricom Cleared To Invest In Startups

Safaricom Cleared To Invest In Startups

August 25, 2023
ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand

ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand

August 17, 2023
E-Safiri Opens First Solar Powered Battery Charging and Battery Swapping Hub in Kisumu

E-Safiri Opens First Solar Powered Battery Charging and Battery Swapping Hub in Kisumu

August 1, 2023
Zone01 Kisumu: A New Opportunity to Learn Digital Skills for Free

Zone01 Kisumu: A New Opportunity to Learn Digital Skills for Free

August 1, 2023

Community Favourites

  • Tawi Fresh Launches Farm to Fork platform for Local Small Scale Farmers

    Tawi Fresh Launches Farm to Fork platform for Local Small Scale Farmers

    0 shares
    Share 0 Tweet 0
  • Safaricom Cleared To Invest In Startups

    0 shares
    Share 0 Tweet 0
  • Zone01 Kisumu: A New Opportunity to Learn Digital Skills for Free

    0 shares
    Share 0 Tweet 0
  • Bolt Introduces New Category In Kenya Dubbed “Bolt Green”

    0 shares
    Share 0 Tweet 0
  • How to top up CBA Loop through Mpesa

    0 shares
    Share 0 Tweet 0

Top Stories

ASUS Zenbook S 13 OLED. Our Hands-on Review

ASUS Zenbook S 13 OLED. Our Hands-on Review

by ATG
September 28, 2023

Safaricom Cleared To Invest In Startups

Safaricom Cleared To Invest In Startups

by ATG
August 25, 2023

ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand

ASUS Unveils Exclusive Vivobook S 15 OLED BAPE® Edition in a Groundbreaking Collaboration with A BATHING APE® Streetwear Brand

by ATG
August 17, 2023

Kenya

E-Safiri Opens First Solar Powered Battery Charging and Battery Swapping Hub in Kisumu

E-Safiri Opens First Solar Powered Battery Charging and Battery Swapping Hub in Kisumu

by ATG
August 1, 2023

Zone01 Kisumu: A New Opportunity to Learn Digital Skills for Free

Zone01 Kisumu: A New Opportunity to Learn Digital Skills for Free

by ATG
August 1, 2023

Swiss Biological Agriculture Manufacturer Andermatt Set Up Office in Kenya

Swiss Biological Agriculture Manufacturer Andermatt Set Up Office in Kenya

by ATG
June 6, 2023

World

Apple Vision Pro: Mixed-Reality Virtual headset unveiled at WWDC23

Apple Vision Pro: Mixed-Reality Virtual headset unveiled at WWDC23

by ATG
June 6, 2023

I interviewed Snapchat’s Ai Chatbot

I interviewed Snapchat’s Ai Chatbot

by ATG
May 18, 2023

Linda Yaccarino Appointed as new Twitter CEO

Linda Yaccarino Appointed as new Twitter CEO

by ATG
May 16, 2023

  • Advertise
  • Write For Us
  • Contact Us

© 2020 - 2023 All rights reserved. | Tech Magazine by Africa Experiential Tech Media

No Result
View All Result
  • Home
  • News
    • Kenya
    • World
  • Reviews
  • Tech Tv

© 2020 - 2023 All rights reserved. | Tech Magazine by Africa Experiential Tech Media

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used.