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."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'From his election as pope in 2013, Francis sought to reform'Instant Opinion Opinion, comment and editorials of the day
-
Israel blames 'failures' for killing of medicsspeed read 14 Gaza medics and 1 U.N. employee were killed by IDF special forces
-
Hegseth reportedly shared war plans in 2nd group textSpeed Read The defense secretary sent information about an attack in Yemen to a Signal group chat that included his wife and brother
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
