Following TikTok CEO Kevin Mayer's surprise departure, a sale of the company's U.S. operations could reportedly be days away.
Mayer unexpectedly announced this week he would be stepping down as TikTok CEO just three months after being hired, a decision that came as President Trump threatens to ban the Chinese-owned app due to security concerns unless it's sold to an American company. CNBC's Julia Boorstin reported on Thursday that Mayer's resignation indicates "that we're likely to see a deal" with Microsoft or Oracle possibly "in the next 48 hours or so," while separately, a CNBC online report said TikTok is "nearing a deal to sell its U.S. operations" that may be announced "in the coming days."
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