With the clock ticking for parent company ByteDance to sell TikTok before an executive order essentially prevents them from doing business in the U.S., Walmart has entered the fray. (Adweek)
Walmart said Thursday that it’s teaming up with Microsoft in a bid for TikTok. (CNBC)
Walmart said it believes TikTok’s integration of e-commerce and advertising in the popular video-sharing app would be a valuable fit for its business. (Variety)
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Another bid came from Oracle and could include a coalition of investors, said three people involved in the deal talks. The discussions remain fluid, said the people, who were not authorized to speak publicly. It is unclear which group will secure a deal, and the makeup of the bidders could still change. (NYT)