(CNN) -- [Breaking news update at 4:22 p.m. ET]
Tokyo has been chosen by the International Olympic Committee to host the 2020 Summer Games.
During its vote Saturday in Buenos Aires, the committee made its choice over the two other contenders, Madrid and Istanbul.
[Original story published at 3:39 p.m. ET]
(CNN) -- Tokyo and Istanbul have advanced to a final runoff vote to be the site of the 2020 Olympic Games.
Saturday's International Olympic Committee vote in Buenos Aires eliminated Madrid -- but only after a tiebreaker vote. Tokyo finished first in the day's first round of voting, but Madrid and Istanbul received the same number of votes in second place. The committee then voted again to place Istanbul in the final runoff with Tokyo.
The results of the final vote were sealed and were expected to be announced during a ceremony from 5 p.m. to 5:30 p.m. (4 p.m. to 4:30 p.m. ET).
Each of the cities has strengths and potential weaknesses, said Ed Hula, editor and founder of aroundtherings.com, which covers the business and politics of the Olympic movement.
"Istanbul is the one bid that offers something unique and different," Hula told CNN in a telephone interview from Buenos Aires."
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