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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Republican senators back plan to sell TikTok's U.S. operations

share with twitter share with LinkedIn share with facebook
08/02/2020 | 10:07pm EDT
FILE PHOTO: Senate Finance Committee

Several Republican senators on Sunday backed a plan by China's ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Senator John Cornyn, a Texas Republican, said on Twitter that a divestment "and purchase by U.S. company is win-win."

Senator Roger Wicker, a Republican who chairs the Commerce Committee, echoed Cornyn but added that "tight security measures need to be part of any deal in order to protect consumer data and ensure no foreign access."

Treasury Secretary Steven Mnuchin told ABC on Sunday that the Committee on Foreign Investment on the United States "agrees that TikTok cannot stay in the current format because it risks sending back information on 100 million Americans."

Mnuchin said he and U.S. congressional leaders "all agree there has to be a change." He added that Trump could "either force a sale or the president can block the app using (International Emergency Economic Powers Ac)."

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles.

Reuters reported on Saturday that ByteDance, in a bid to save a deal with the White House, agreed to divest the U.S. operations of TikTok completely.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, according to sources.

Republican Senator Marco Rubio on Sunday said on Twitter "if the company & data can be purchased & secured by a trusted U.S. company that would be a positive & acceptable outcome."

On Saturday, Republican Senator Lindsey Graham said the "right answer" to address security concerns about TikTok would be to "have an American company like Microsoft take over TikTok. Win-win. Keeps competition alive and data out of the hands of the Chinese Communist Party."

Secretary of State Mike Pompeo told Fox News on Sunday that Trump "will take action in the coming days with respect to a broad array of national security risks that are presented by software connected to the Chinese Communist Party."

By David Shepardson

share with twitter share with LinkedIn share with facebook
Toute l'actualité sur MICROSOFT CORPORATION
03:10aTrump orders ByteDance to divest interest in U.S. TikTok operations within 90..
RE
02:41aIn lawsuit, 'Fortnite' maker to test idea of iPhone as market unto itself
RE
02:20aTWITTER, KODAK, GENERAL MOTORS : Stocks That Defined the Week
DJ
01:52aTrump orders ByteDance to divest interest in U.S. TikTok operations within 90..
RE
01:51aWhy Fortnite's Founder Tim Sweeney Is Fighting Apple, Google -- Update
DJ
08/14Why Fortnite's Founder Tim Sweeney Is Fighting Apple, Google
DJ
08/14Brazilian gaming company reaches $3 bln valuation with new investment
RE
08/14CUREVAC IN TALKS WITH PHARMA COMPANI : Sueddeutsche
RE
08/14TikTok to Challenge Microsoft's Light Touch -- WSJ
DJ
08/14TikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions
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 1 581 B 1 581 B -
EV / Sales 2021 9,57x
EV / Sales 2022 8,52x
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 208,90 $
Spread / Highest target 24,5%
Spread / Average Target 9,91%
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 CORPORATION32.47%1 580 883
ZOOM VIDEO COMMUNICATIONS, INC.259.95%66 779
SEA LIMITED214.52%60 541
ATLASSIAN CORPORATION PLC35.19%39 757
SPLUNK INC.28.42%30 249
CADENCE DESIGN SYSTEMS, INC.55.71%29 909