Microsoft's acquisition of TikTok could be announced in the next couple of days [Update]
By João Carrasqueira · Aug 27, 2020
By João Carrasqueira · Aug 27, 2020
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Earlier today, it was reported that Kevin Mayer was stepping down from his role as CEO of short-form video platform TikTok in the midst of the conflict between it and the U.S. government.
Now, Для просмотра ссылки Войдиили Зарегистрируйсяclaims that the reason Mayer chose to step down is that he was excluded from the negotiations to complete the sale of TikTok to an American company.
Further, Boorstin's sources claim that Mayer's exit indicated that the acquisition deal could happen in the next couple of days, and that the buyer would likely be Microsoft. The Redmond company has been indicated as the most likely to go ahead with an acquisition of TikTok, and the company's share prices spiked 3% following the report.
However, TikTok has yet to make a final decision on a buyer, and Oracle is still in the running for the acquisition.
At one point, Walmart seemingly tried to partner with SoftBank to make an offer for TikTok, but conversations fell through since the companies didn't have a "technology backbone partner", Для просмотра ссылки Войдиили Зарегистрируйся.
Regardless of who ends up buying TikTok, the report indicates that the transaction will be valued between $20 and $30 billion, though a specific number hasn't been decided yet. We'll have to wait for a formal announcement in the coming days.
Update: In a follow-up report, Walmart has told CNBC that it's now teaming up with Microsoft for the TikTok acquisition. The retailer believes TikTok could help it reach more customers but also grow its advertising business. It's still unconfirmed who TikTok is being sold to, however.
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Для просмотра ссылки Войди
Earlier today, it was reported that Kevin Mayer was stepping down from his role as CEO of short-form video platform TikTok in the midst of the conflict between it and the U.S. government.
Now, Для просмотра ссылки Войди
Further, Boorstin's sources claim that Mayer's exit indicated that the acquisition deal could happen in the next couple of days, and that the buyer would likely be Microsoft. The Redmond company has been indicated as the most likely to go ahead with an acquisition of TikTok, and the company's share prices spiked 3% following the report.
However, TikTok has yet to make a final decision on a buyer, and Oracle is still in the running for the acquisition.
At one point, Walmart seemingly tried to partner with SoftBank to make an offer for TikTok, but conversations fell through since the companies didn't have a "technology backbone partner", Для просмотра ссылки Войди
Regardless of who ends up buying TikTok, the report indicates that the transaction will be valued between $20 and $30 billion, though a specific number hasn't been decided yet. We'll have to wait for a formal announcement in the coming days.
Update: In a follow-up report, Walmart has told CNBC that it's now teaming up with Microsoft for the TikTok acquisition. The retailer believes TikTok could help it reach more customers but also grow its advertising business. It's still unconfirmed who TikTok is being sold to, however.
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