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Walmart is teaming up with Microsoft on TikTok bid

27/08/2020 10:27 PM | Click to read full article

Walmart said it’s teaming up with Microsoft in a bid for TikTok.

TikTok’s parent company, ByteDance, is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that’s likely to be in the $20 billion to $30 billion range. It has not yet chosen a buyer but could announce the deal in the coming days. With Walmart’s confirmation, it joins several others bidding on the tech company, including Oracle.