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Microsoft shares are making a little joke about possible TikTok acquisition

Microsoft Corp. MSFT,
+ 0.54%
Shares rose slightly Friday after multiple media reported that it is in talks to buy TikTok because President Donald Trump will order the Chinese owner of the dance app, ByteDance, to divest ownership of TikTok’s US operations.

Microsoft’s shares were up about $ 2 after the news was first reported by Bloomberg, but closed $ 1.11, or 0.5%, at $ 205.01 as the Wall Street Journal and others followed with similar reports, citing sources familiar with the negotiations.

Wedbush Securities said in a letter to customers on Friday that TikTok – which has refused to pass on information to the Chinese government, but is increasingly labeled as a security threat by U.S. officials – is estimated at $ 50 billion in private markets. If Microsoft buys TikTok, which will allow hundreds of millions of users around the world to post short videos, “that would be a big gamble on the consumer social media space that the company has stayed away from for the past decade,” wrote Wedbush analyst Dan Ives.

Microsoft inventory has increased by 0.1% after hours and increased by 30% this year. The S&P 500 Index SPX, on the other hand,
+ 0.76%
has risen approximately 0.4% so far.

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