“TikTok likely to announce sale of U.S. operations in the coming days in $20 billion to $30 billion range”
August 28, 2020
“TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter.
Kevin Mayer, TikTok’s CEO, announced his resignation Thursday after news of the announcement leaked to the Financial Times. Mayer was originally going to announce his decision to step down along with the sale agreement next week, but he pushed up the timing to address the news, said one of the people, who asked not to be named because the discussions are private. Mayer joined TikTok earlier this year after running Disney’s streaming video operations…”
https://www.cnbc.com/2020/08/27/tiktok-likely-to-announce-sale-us-operations-in-the-coming-days.html