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Walmart Joined Microsoft’s Bid for TikTok

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Microsoft and Walmart jointly bid to acquire TikTok’s U.S. business, according to a person involved in the situation.

The software giant brought the e-commerce company into the deal to provide a platform to support digital sales on the platform, this person said.

The bids were submitted yesterday, with bidders waiting to hear from TikTok’s parent company ByteDance.

Walmart couldn’t immediately be reached for comment. 

This story is developing.

Source: https://www.theinformation.com/articles/walmart-joined-microsofts-bid-for-tiktok

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