 |
| The long-awaited TikTok deal will be announced tomorrow Tuesday |
According to a US CNBC report released on Monday, people familiar with the matter said TikTok has selected bidders for its operations in the United States, New Zealand and Australia and could announce the deal earlier on Tuesday.
CNBC reported last week that Microsoft is the biggest competitor working with Walmart and Oracle. The deal price is expected to range between $ 20 billion and $ 30 billion.
(CNBC) said that even if TikTok chose to bid, the Chinese government could slow the deal or derail the course. The Chinese government updated its technology export list on Friday to include artificial intelligence (Tik) technology. . TikTok's parent company, ByteDance, is a Chinese company that announced over the weekend that it would need permission from the Chinese government to sell it to an American company.
Walmart emerged as a surprising competitor last week, stating that social media apps will help develop e-commerce. The company initially attempted to become a major shareholder in transactions with consortia such as Alphabet Inc. And Softbank. However, the US government stated that sales to the US (Tik Tok) will be banned if they are not sold to a US company by September 20. According to those familiar with the subject, the company hopes the business technology firm will take over. Then Alphabet and SoftBank withdrew and chose Wal-Mart to work with Microsoft. In this case, Walmart becomes a minority shareholder of TikTok.
After the announcement was leaked to the Financial Times, TikTok CEO Kevin Meyer announced his resignation on Thursday.
But according to (CNBC) US News, people familiar with the matter reported that Mayer plans to announce his resignation and announce the deal to sell the company next week. But after the accident was leaked, he quickly announced his resignation. Meyer joined the company earlier this year after directing a video broadcast at Disney.