Walmart joins Tiktok bidding war

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According to sources close to the deal, Walmart is exploring potential investments in Tiktok and joining a growing number of U.S. companies that are considering a Chinese-owned social media platform. The retail giant's new interest reportedly took place after Amazon participated in the discussion to join the bid. This is not Walmart's first attempt to get Tiktok. In 2020, the company partnered with Microsoft to bid for the platform, viewing it as a portal to millions of prospects and a valuable tool to improve its e-commerce and advertising operations. With Tiktok's future in the United States again uncertain, Walmart is weighing whether to shoot. Trump has signed an executive order to extend the deadline from April 5 to mid-June, which will force Tiktok sales or lead to an extension of the U.S. ban or extension will allow bidders to allow bidders to accept our actions for the time and potential terms. Bids include Amazon, Oracle and app development company Appleovin. In a surprising development, Tim Stokely, the founder of the adult container platform, also reportedly proposed a late bid to acquire tiktok.

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