Walmart is teaming up with Microsoft on TikTok bid


Walmart said that it's teaming up with Microsoft in a bid for TikTok.With Walmart's confirmation, it joins several others trying to acquire the tech company, including Oracle.


Walmart spokesman Randy Hargrove declined to say how the two companies would split ownership of TikTok, if they had the winning bid, and whether the retailer would be the majority owner.


"We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses," Walmart said. "We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators."

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