Sources indicate that TikTok is about to conclude a sales agreement and the sale could become clearer as early as next week, as the American...
Sources indicate that TikTok is about to conclude a sales agreement and the sale could become clearer as early as next week, as the American giant Walmart announces a partnership with Microsoft.
Despite Trump's decree postponing from 45 to 90 days the duration granted to ByteDance for TikTok, the Chinese application could conclude a sale agreement and indicate the details as early as next week, according to sources, CNBC reported on Thursday.
The U.S. television channel said the amount of the buyout of TikTok's business would be between $20 billion and $30 billion. The Chinese ByteDance would divest its operations in the United States, but also in Canada, Australia and New Zealand, as originally announced.
Sources have not indicated who the purported buyer would be. So, Microsoft and Oracle remain the two alleged firms, but we also learn that Walmart would partner with Microsoft to take over part of the operations.
In a statement sent to CNBC, the retail company said that "a Walmart and Microsoft partnership would both meet the expectations of U.S. TikTok users and satisfy the concerns of U.S. government regulators.
At the time of the announcement, Walmart's stock price jumped more than 3% on Wall Street.
In recent hours, Netflix has been on the "soap opera", amid rumors that discussions had taken place between the two companies. The latest news is that the streaming platform has refused to go any further.
In the morning, TikTok CEO KevinMayer announced his resignation from the company after only three months. According to the sources interviewed by American journalists, this announcement was originally planned to take place next week, when the sale contract is formalized.