TikTok's CEO resigned, signaling that an acquisition of US operations is imminent - Business Insider

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TIkTok CEO's internal resignation memo cited structural changes that would accompany an acquisition, signaling an announcement may come within the next few days

, stating in an internal memo that his role would look "very difficult" because of the current administration's actions against the company. In the interim, Vanessa Pappas, general manager of TikTok, will fill the top role. Reuters/Brendan McDermid

Mayer's memo cited structural changes that would accompany an acquisition, signaling that an announcement could come within the next few days. He stated: "I understand that the role that I signed up for—including running TikTok globally—will look very different as a result of the US administration's action to push for a sell-off of the US business. … I've always been globally focused in my work, and leading a global team that includes TikTok US was a big draw for me.

Mayer's emphasis on losing his role as head of a global company provides strong evidence that an acquisition of TikTok's US operations is imminent, despite the company recently filing a

 

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