Walmart Inc joins Microsoft to together compete for TikTok acquisition

Walmart Inc said that it was joining Microsoft in a bid for TikTok’s US assets, revealing its plans hours after CEO Kevin Mayer said he’d step down. TikTok is facing massive opposition under Trump administration that even passed an executive order to bar its operations in the US. Walmart expects that acquiring TikTok together with Microsoft will satisfy the US govt as well as the users. The retailer appreciated TikTok’s e-comm and advertising capabilities.

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