Social media giant Facebook and search behemoth Google are staying on the sidelines as the bidding war gets underway because any purchase by them will only lead to more anti-trust concerns. Twitter has a market cap of US$29 billion (RM121 billion). Aside from the Xbox gaming console, where it has run neck-and-neck with PlayStation creator Sony, the software giant has not done well in the consumer arena. Oracle in the pictureBut if Microsoft thought TikTok was a steal, it had not taken into account Oracle’s last-minute entry. Whether Trump finally approves the sale to Oracle, Microsoft or another entity is irrelevant.

Source: The Edge Markets September 02, 2020 09:00 UTC