Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/13 05:29:53 pm
210 USD   +0.39%
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
04:54pTikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Microsoft : and Bytedance Put TikTok Talks on Hold After Trump Signals Opposition

share with twitter share with LinkedIn share with facebook
08/01/2020 | 02:25pm EDT

By Cara Lombardo and Georgia Wells

Microsoft Corp. has paused negotiations to buy the U.S. operations of the video-sharing app TikTok after President Trump said late Friday he opposes the deal, according to people familiar with the matter.

The president's statements spurred TikTok to make additional concessions, including agreeing to add as many as 10,000 jobs in the U.S. over the next three years, but it isn't clear if those will alter Mr. Trump's stance, one of the people said.

The software giant was in advanced talks with TikTok parent Bytedance Ltd., with momentum toward a deal that they believed met the White House goal for the popular app to get bought by a U.S. company, the people said. Those plans were interrupted when Mr. Trump told reporters on Air Force One that he preferred to ban the app and wouldn't support a sale.

Before Mr. Trump's remarks, the two sides believed the broad strokes of a deal could be in place by Monday, the people said.

The companies were caught off guard by the president's comments, said one person familiar with the matter. Another person said the White House has been involved in the discussions for weeks and made it clear from the outset that the desired outcome was for TikTok to be "American owned."

In a statement Saturday, a White House spokesperson said, "The administration has very serious national security concerns over TikTok. We continue to evaluate future policy."

The deal talks aren't believed to be dead, but rather the two companies are trying to get clarity on where the White House stands and whether it is planning a separate action that would make it difficult for TikTok to operate in the U.S., the people said.

Mr. Trump said that he preferred to ban the app entirely.

"As far as TikTok is concerned we're banning them from the United States, " he said. "Well, I have that authority."

Write to Cara Lombardo at cara.lombardo@wsj.com and Georgia Wells at Georgia.Wells@wsj.com

 

share with twitter share with LinkedIn share with facebook
All news about MICROSOFT CORPORATION
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
04:54pTikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions
DJ
09:50aGLOBAL MARKETS LIVE: Microsoft returns to the mobile phone market
06:15aMarketers Extend Their Social-Media Scrutiny Beyond Facebook
DJ
02:48aAfter Legal Win, Qualcomm Turns Its Focus to 5G -- WSJ
DJ
08/12S&P 500 Rallies but Closes Below a Record
DJ
08/12Tech Up As Goldman Reiterates Buy Rating On Sector -- Tech Roundup
DJ
08/12S&P 500 Rallies, But Closes Below a Record
DJ
08/12S&P 500 Rallies, But Closes Below a Record
DJ
More news
Financials (USD)
Sales 2021 157 B - -
Net income 2021 48 985 M - -
Net cash 2021 81 454 M - -
P/E ratio 2021 32,5x
Yield 2021 1,04%
Capitalization 1 583 B 1 583 B -
EV / Sales 2021 9,59x
EV / Sales 2022 8,53x
Nbr of Employees 163 000
Free-Float 98,6%
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 229,59 $
Last Close Price 208,70 $
Spread / Highest target 24,6%
Spread / Average Target 10,0%
Spread / Lowest Target -13,8%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MICROSOFT CORPORATION32.34%1 583 834
ZOOM VIDEO COMMUNICATIONS, INC.247.91%66 779
SEA LIMITED215.56%60 030
ATLASSIAN CORPORATION PLC33.84%39 757
SPLUNK INC.27.13%30 249
CADENCE DESIGN SYSTEMS, INC.51.64%29 909