US media revealed that TikTok could be sold within 48 hours, with a valuation of 20 to 30 billion dollars

[Text/Observer Webbear Chaoran] On August 27 local time, according to the report of the U.S.
Consumer News and Business Channel (CNBC), TikTok's transaction agreement on the sale of businesses in the United States, Canada, Australia and New Zealand may be reached within the next 48 hours, and the transaction size is expected to be between 20 and 30 billion dollars.
CNBC quoted sources as saying that although the sale agreement is expected to be reached, the buyer has not been determined yet, and TikTok will make a choice between Microsoft and Oracle.
It is also reported that Wal Mart, an American retail giant, has also joined in the transaction negotiation, and Wal Mart will cooperate with Microsoft to bid for TikTok.
Since CNBC reported the screenshot that TikTok would sell its US business, Microsoft has always been considered the most likely company to complete the acquisition.
But now, there are other bidders in this potential transaction.
On August 18, the Financial Times quoted people familiar with the matter as saying that Oracle, the world's second largest software company, also intended to participate in TikTok's acquisition negotiations in the United States.
The insider also revealed that Oracle is cooperating with a group of American investors holding byte beating shares, including Pan Atlantic Investment Group and Sequoia Capital.
On the other hand, Microsoft seems to have changed in its acquisition of TikTok's US business.
According to CNBC, Wal Mart has joined in and will cooperate with Microsoft to bid for TikTok.
It was reported that, in fact, Wal Mart had been discussing with SoftBank about a cooperative bid for TikTok, but the purchase plan had to be abandoned due to the lack of support from technical partners.
At present, Wal Mart spokesman has issued a statement to confirm that the company is interested in cooperating with Microsoft on the potential TikTok transaction.
As soon as the statement was made, Wal Mart's share price rose by more than 3% that day.
CNBC reported that according to sources, TikTok's business sale agreement is likely to be reached in the next few days, but the acquirer has not yet determined which party it is.
Another CNBC report mentioned a more specific time limit, saying that the transaction would be concluded within 48 hours.
In addition, insiders pointed out that TikTok may sell its businesses in the United States, Canada, Australia and New Zealand.
The valuation of this transaction may be between 20 billion and 30 billion dollars, but the final price has not yet been determined.
Earlier on the 27th, Kevin Mayer, TikTok's global CEO, announced his resignation by issuing an internal letter, which was less than three months before he officially took the post.
Prior to joining TikTok, Meyer worked at Disney for more than 20 years.
He was a senior executive vice president and chief strategic officer, responsible for corporate strategy, business development and other departments.
According to the Twitter account of CNBC, a source said that Mayer was excluded from Tik