TECH - Microsoft And Oracle Could Be TikTok's 'Likely Buyers' But Real Winners Would Be Mark Zuckerberg And Sundar Pichai | Benzinga
Wedbush analysts believe that while Microsoft Corp. (NASDAQ:MSFT) and Oracle Corp. (NYSE:ORCL) could be the "likely buyers" of social media platform TikTok, Meta Platforms Inc.'s (NASDAQ:META) Mark Zuckerberg and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Sundar Pichai could emerge as the real winners.
What Happened: The TikTok ban bill, which is part of a larger package aimed at providing aid and bolstering national security measures in support of Ukraine, Israel, and Taiwan, has been passed by the U.S. House of Representatives.
The legislation proposes that TikTok, the widely popular video app, must be sold within a year or face a ban from U.S. app stores.
This bill is now racing for a signature in the Senate and, once signed by President Joe Biden, would become law, starting the clock on the TikTok ban or sale.
ByteDance Ltd., the parent company of TikTok, would have up to a year to divest TikTok in a forced ...