TikTok deal to sell U.S. business could be announced as soon as Tuesday

www.cnbc.com/2020/08/31/tiktok-deal-to-sell-us-business-could-be-announced-as-soon-as-tomorrow.html

TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses and could announce the deal as soon as Tuesday.

Microsoft, in partnership with Walmart, and Oracle are the top contenders.

The sale price is expected to be in the range of $20 billion to $30 billion.

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