Bobby Kotick Seeks Investors to Acquire TikTok

In a significant turn of events in the tech industry, the former head of the renowned company Activision Blizzard, Bobby Kotick, has shown interest in acquiring the popular video hosting platform TikTok, currently owned by the Chinese corporation ByteDance. The deal is estimated to be worth several hundred billion dollars, making it one of the largest tech acquisitions in recent times.

Kotick, having secured substantial funds from the sale of his stake in Activision Blizzard to the American IT giant Microsoft, recognizes the need for external investor support to execute such a large-scale acquisition. He has already engaged in discussions with several prominent figures in the industry, including Sam Altman, the head of OpenAI.

Amid these developments, tensions between the US authorities and TikTok's Chinese owner are evident. The US government threatens to take actions that could lead to the service being blocked in the country, jeopardizing the company's potential revenues in one of its largest markets. This situation puts additional pressure on ByteDance to consider offers for the sale.

These unfolding events could significantly impact the global social media and video hosting market and set new trends in the relations between the world's largest powers in the information technology sector. As the market awaits further actions from the involved parties, the situation remains tense and filled with uncertainties.