Why Kevin Mayer’s Exit Means TikTok Sale Is Now Inevitable

ByteDance has selected Oracle as its partner for a deal to keep TikTok operating in the U.S., a source familiar with the talks confirms to The Hollywood Reporter. The decision comes as ByteDance has rejected a bid by Microsoft that earlier this summer was seen as the likely option for the company as it looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S.

Jordan Moreau Microsoft’s bid to buy the U.S. operations of the Chinese video app TikTok was rejected on Sunday, the company announced.The tech giant was seen as a frontrunner to acquire the U.S.

Reuters Friday.Reuters reported based on anonymous sourcing that “Chinese officials believe a forced sale would make both ByteDance and China appear weak in the face of pressure from Washington, the sources said.”President Trump previously took the unprecedented step of signing an executive order to ban TikTok from operating in the U.S. if ownership of the company’s U.S.

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When Kevin Mayer left his big job running Disney’s direct-to-consumer streaming business in mid-May, it was because he had an even bigger job to look forward to: one that would involve running fast-growing social video app TikTok while serving as COO of its $100 billion parent company, ByteDance. But during his first three months as TikTok CEO, the app became a pawn in President Trump’s battle with China.

Mariah Carey has opened up about having an affair with New York Yankees baseball legend Derek Jeter while she was married to Tommy Mottola.The musician writes about the affair, which was rumoured for years, in her upcoming memoir, The Meaning of Mariah Carey.In the book, Carey writes that the affair with Mottola happened in the 1990s after they met at a dinner party and secretly began “text flirting”.The singer reveals how her first meeting with Jeter took place on the rooftop of his New York

Kevin Mayer has resigned as CEO of TikTok as the threat of a ban looms over the popular social media app. TikTok owner ByteDance tapped Mayer, the former chairman of Disney's direct-to-consumer business, in May of this year.

Dade Hayes Finance EditorWalmart stock is up more than 5% — a major move for the typically sleepy large-cap shares — on news that the retail giant is interested in teaming with Microsoft to make a bid for TikTok.Microsoft, along with Oracle and Twitter, has already been in the mix as a potential acquirer of the fast-growing social platform’s U.S. operations.Owned by ByteDance, a conglomerate founded by a Chinese entrepreneur, TikTok ran afoul of U.S.

Todd Spangler NY Digital EditorWalmart is the latest to jump into the fast-moving bidding war for TikTok, as the retailing giant said Thursday that it is partnering with Microsoft on a deal to acquire the app.As first reported by CNBC, Walmart said it believes TikTok’s integration of e-commerce and advertising in the popular video-sharing app would be a valuable fit for its business.“We believe a potential relationship with TikTok U.S.

TikTok is going through another major shakeup.

Jordan Moreau Kevin Mayer has stepped down as CEO of TikTok, just months after taking the job and after recent pressure by President Trump over the app’s security, Variety has confirmed.Mayer sent a letter to TikTok and ByteDance employees on Wednesday night, announcing his decision.“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for.

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Dominic Patten Senior Editor, Legal & TV CriticLess than four months after leaping over from the Walt Disney Company, Kevin Mayer has resigned as the CEO of TikTok.“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” Mayer wrote today to staff at the ByteDance controlled short video-sharing app.

Dorinda Medley is focusing on the future after announcing her departure from Real Housewives of New York City.The Bravo personality, 55, confirmed via social media on Tuesday, August 25, that she was leaving the reality series after six seasons.

Donald Trump following a recent order from the Trump administration to ban the app in the US.Earlier this month, the US president ordered a ban of “transactions” with the owners of TikTok and fellow Chinese app WeChat.TikTok then said they were threatening legal action against the government, and this action has now arrived.In a new statement, TikTok says that Trump’s comments about the app violates TikTok’s right to due process, and that the president offers no reasoning for his claims that the

Dade Hayes editorTikTok, the rapaciously growing social media platform controlled by ByteDance, disclosed the size and surge of its user base for the first time in a lawsuit filed Monday against President Donald Trump.Privately held ByteDance, founded by Chinese internet entrepreneur Zhang Yiming, revealed it has 100 million monthly active users, up from 91.9 million in June and more than double the 39.9 million of last October.

Donald Trump and his administration.It comes after the US President ordered a ban of “transactions” with the owners of TikTok and fellow Chinese app WeChat earlier this month.The order states that the app has 45 days to find a new US-based owner or else Trump will ban the use of the social media platform nationwide.