People familiar with the matter said today that TikTok is close to reaching a sale agreement, but whether the buyer is Microsoft or Oracle has not yet been determined, and negotiations are still ongoing.
According to people familiar with the matter, TikTok is close to reaching an agreement to sell its US, Canadian, Australian and New Zealand operations, and will announce the transaction as soon as next week. The deal size may be between 20 billion and 30 billion U.S. dollars, but the exact price has not been determined because negotiations are still continuing.
Earlier today, there were two very different reports. One said that Oracle had bid more than $20 billion, which was close to reaching a deal with TikTok. But then there were reports that Microsoft is expected to reach an acquisition deal with TikTok in 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, Wal-Mart has been cooperating with SoftBank on potential acquisitions, but the possibility of reaching an agreement is slim.
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