Walmart Teams Up With Microsoft on TikTok Bid

The news comes hours after the social media app's CEO resigned

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It’s been a busy day for popular social video app TikTok.

Earlier today, TikTok CEO Kevin Mayer resigned after less than three months on the job. Now, with the clock ticking for parent company ByteDance to sell TikTok before an executive order essentially prevents them from doing business in the United States, Walmart has entered the fray.

Retail and ecommerce giant Walmart, which has made some tech investments in the past such as streaming platform Vudu, confirmed to Adweek that it is partnering with Microsoft on the company’s bid to acquire TikTok.



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