BREAKING: TikTok CEO Kevin Mayer quit after being excluded from deal talks between the company and Microsoft & Oracle, a source tells @JBoorstin. Multiple sources also tell CNBC that Mayer's exit indicates that a deal—likely a sale to Microsoft—could come in the next 48 hours. pic.twitter.com/TOcSrn8Xd8

— CNBC Now (@CNBCnow) August 27, 2020