The President of United States Donald Trump, earlier, issued an Executive order giving TikTok 45 days of time ordering to sell its business to any US-based company or get banned in the country. This step is taken by the Government considering the national data security.
From the beginning of Microsoft was there to acquire TikTok’s US arm. Now, Walmart is joining hands with it to make a bid. The company confirmed this news to CNBC yesterday.
Walmart said, “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,”.
It added, “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.”
Reports are saying, TikTok’s Chief Executive Officer Kevin Mayer left the company on the same day. He, in a letter, wrote to other employees that TikTik is going to solve the current situation in the US “very soon”. The vacancy is fulfilled by TikTok’s General Manager Vanessa Pappas.
Rather than the Microsoft and Walmart duo, there is Oracle too to bid for TikTok US.
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