TikTok deal to sell U.S. business could be announced as soon as Tuesday
Summary
TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses, and it could announce the deal as soon as Tuesday, according to people familiar with the situation.
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Reuters
TikTok deal could be announced Tuesday, according to CNBC
The agreement for the acquisition of the assets of the short video application TikTok in the United States by an alliance between WalMart and Microsoft could be announced as of Tuesday, CNBC television reported on Monday.
TikTok Chooses Bidder for Sale of US Business, Could Announce Deal Tuesday, Reports Suggest
US President Donald Trump issued an executive order on 14 August giving the TikTok's parent company ByteDance 90 days to sell its US business or face a ban.
TikTok, the Chinese-owned social media app, has lined up a bidder for its business in the U.S., New Zealand and Australia following President Donald Trump's executive order earlier this month, CNBC reports....
Walmart Might Be TikTok Dancin' Their Way To A Deal They May Come To Regret 8/31/2020 by A Whittle Bit of Commentary • A podcast on Anchor
News reports say the Microsoft and Walmart deal for TikTok could be finalized as soon as Tuesday. Chad explains why Walmart may come to regret this deal.
Background info: https://www.cnet.com/news/tiktok-sale-could-be-announced-tuesday-report-says/
Follow Chad on Twitter @CWhittleMedia
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