• naturalgasbad@lemmy.caOP
    link
    fedilink
    arrow-up
    11
    arrow-down
    5
    ·
    9 months ago

    Any sale of a hundred+ billion dollar company takes years. Look at the attempted acquisition of ARM.

    • circuscritic@lemmy.ca
      link
      fedilink
      arrow-up
      8
      arrow-down
      1
      ·
      9 months ago

      Uh…TikTok is not ARM, or anything close to resembling it.

      The US justification for forcing the sale of TikTok may be horseshit political theater for dubious reasons, but that doesn’t close the gap of making a TikTok sale anywhere close to resembling ARM.

      • naturalgasbad@lemmy.caOP
        link
        fedilink
        arrow-up
        10
        arrow-down
        5
        ·
        9 months ago

        $16B US revenue, doubling YoY, gross margin likely in the 70s. Even at the P/S of an established company like Facebook, TikTok’s US operations would be worth on the order of $200B. That’s on par with the largest acquisitions in history and dwarves Nvidia’s acquisition attempt of ARM.

        • circuscritic@lemmy.ca
          link
          fedilink
          arrow-up
          8
          arrow-down
          1
          ·
          9 months ago

          Relative valuations aren’t the key differences, it’s what the companies do, and what they support.

          ARM technology powers the vast majority of mobile devices, and is estimated to have upwards of 30% of the PC CPU market share by 2026.

          It’s sale, or acquisition, is more than a pissing match between two great powers.