Walmart Teams Up With Microsoft For Joint TikTok Bid

  • The two giants are up against Oracle Corp. to buy the US assets of ByteDance’s TikTok app.
  • The development comes amid TikTok CEO Kevin Mayer resignation on Wednesday.
  • Oracle and Microsoft + Walmart have already their submitted bids.
  • A deal could be announced as early as this week, as the White House pushes for TikTok’s US operations sale citing security concerns.

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