TikTok Nears Yet Another Deadline
Can it keep running out the clock?
Hi all, this is Zheping in Hong Kong. It’s already been a big week for tech acquisitions. On Monday, Facebook Inc. said it would buy Kustomer Inc., in a transaction valued at more than $1 billion. And on Tuesday, Salesforce.com Inc. could announce a deal to acquire Slack Technologies Inc., which has a market cap of $24.5 billion.
But one of the year’s largest tech deals has been put off so long you might have forgotten about it: TikTok’s latest deadline to sell its U.S. operations to American investors is this Friday.