Walmart joins Microsoft’s bid to buy TikTok US
Deal for video app will boost its marketplace and advertising business, says US retailer
27 August 2020 - 20:32
New York — Walmart said on Thursday it was joining Microsoft in a bid for social media company TikTok's US assets, revealing its plans hours after the video company's CEO said he would step down.
CEO Kevin Mayer, a high-profile former Disney executive, is leaving three months after joining TikTok, in the middle of negotiations to sell the Chinese-owned short-form video app's US operations to Microsoft or Oracle...
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