Former Activision CEO Bobby Kotick has approached ByteDance to express interest in buying TikTok and floated the idea of partnering to Sam Altman and others, The Wall Street Journal reports. Microsoft currently owns Activision. Legislation that would ban TikTok in the U.S. or force a sale is moving toward a vote in the House, increasing interest from possible buyers, the report notes. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS) and Snap (SNAP).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MSFT: