News: After 100 Days With TikTok, Former Disney Executive Kevin Mayer Resigns as CEO

In mid-May we shared with you that Kevin Mayer, an executive at The Walt Disney Company, stepped down from his role at Disney to become the chief executive officer at TikTok.

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But, just a few months into his role there, Kevin Mayer is leaving TikTok.

Prior to leaving his role at Disney, Kevin Mayer served as the head of the Direct-to-Consumer and International Division, and oversaw projects like the launch of Disney+ and ESPN+.

©Disney

Earlier this year, Mayer left Disney to become the CEO of TikTok, a short-form video platform. But now, according to TechCrunch, just 100 days after joining the TikTok team, Mayer has resigned.

©The New York Times | Damian Dovarganes/Associated Press

According to a post from CNBC Now on Twitter, a source told a CNBC reporter that “Mayer quit after being excluded from deal talks between the company and Microsoft & Oracle.” It appears that TikTok may be getting ready to sell all or part of the company. Multiple sources have reportedly told CNBC that “Mayer’s exit indicates that a deal—likely a sale to Microsoft—could come in the next 48 hours.” 

Photo by Jesse Grant/Getty Images for Disney

This is still a developing story, so we’ll let you know if we hear any updates. 

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