New sources now say that the resignation of TikTok's CEO means that a deal to sell to a US company — likely Microsoft in conjunction with Walmart — is imminent.
Credit: TikTok
CEO Kevin Mayer
stepped down from his position as TikTok's chief executive on Thursday, citing the political climate and the impending ban on the service in the US. Sources have subsequently told
CNBC that the resignation of the chief executive could indicate that a sale to either Microsoft or Oracle could happen within 48 hours.
Read more...