This weekend : TikTok sale to Microsoft-Walmart or Oracle
Microsoft Or Oracle has not yet been determined, and negotiations are still in progress.
People familiar with the matter said today that TikTok is close to reaching a sale agreement, but the buyer is Microsoft Or Oracle has not yet been determined, and negotiations are still in progress.
People familiar with the matter said that TikTok is close to reaching an agreement to sell its US, Canadian, Australian and New Zealand businesses, and will announce the deal next week as soon as possible. The deal size may be between 20 billion and 30 billion U.S. dollars, but the exact price has not yet been determined, as negotiations continue.
Earlier today, there were two very different reports. One said that Oracle had bid more than 20 billion U.S. dollars to close a deal with TikTok. But then there were reports that Microsoft is expected to reach an acquisition deal with TikTok within the next 48 hours.
The latest reports show that TikTok has not yet determined the final buyer, and negotiations are continuing, including Microsoft, Oracle, and another American company. In addition, Walmart has also been cooperating with SoftBank on potential acquisitions, but the possibility of reaching an agreement is slim.