MSFT
Mayer's TikTok exit comes after exclusion from deal talks; sale may be
imminent - CNBC
- Kevin Mayer's quick exit as CEO of TikTok came not only amid the
rapidly shifting political environment around the company's U.S.
operations, but after his exclusion from deal talks between TikTok/owner
ByteDance (BDNCE) and Oracle (ORCL-0.7%) and Microsoft (MSFT+1.2%), CNBC
reports.
- And the network says that his exit points to a deal coming in the next
48 hours. That's still likely to end up with Microsoft prevailing.
- Mayer left a role leading streaming for Disney a few months ago to
become CEO at TikTok and COO at ByteDance.
- Talks with Microsoft were led by ByteDance CEO Zhang Yiming,
CNBC says, while talks with Oracle were led by General Atlantic CEO Bill
Ford, with Zhang's participation.
|Today, 9:50 AM
Mayer's TikTok exit comes after exclusion from deal talks; sale may be
imminent - CNBC
- Kevin Mayer's quick exit as CEO of TikTok came not only amid the
rapidly shifting political environment around the company's U.S.
operations, but after his exclusion from deal talks between TikTok/owner
ByteDance (BDNCE) and Oracle (ORCL-0.7%) and Microsoft (MSFT+1.2%), CNBC
reports.
- And the network says that his exit points to a deal coming in the next
48 hours. That's still likely to end up with Microsoft prevailing.
- Mayer left a role leading streaming for Disney a few months ago to
become CEO at TikTok and COO at ByteDance.
- Talks with Microsoft were led by ByteDance CEO Zhang Yiming,
CNBC says, while talks with Oracle were led by General Atlantic CEO Bill
Ford, with Zhang's participation.
|Today, 9:50 AM
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