Walmart enters the fray to buy TikTok in the US
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OSLO, Aug. 28 -- Walmart has said it will join Microsoft in a joint bid to purchase the the US operations of video-sharing platform TikTok from Chinese owner ByteDance.
This will pit the retail and technology giants against other prospective bidders, including cloud computing company Oracle. Japan's SoftBank has also entered the fray.
Walmart said in a statement it was confident "a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators."
Walmart explained its interest came from how the app "integrated e-commerce and advertising capabilities in other markets," and could help it connect with customers.
The US retail giant is flush with cash, as one ...
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