Walmart may team up with Microsoft in bid for US arm of TikTok

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Walmart has said it may join Microsoft to buy the US arm of TikTok&comma; the popular Chinese-owned video app that has come under fire from the Trump administration&period;<&sol;p>&NewLine;<p>TikTok&comma; through its fun&comma; goofy videos&comma; has gained hundreds of millions of users globally&period;<&sol;p>&NewLine;<p>But the White House is pushing TikTok’s Chinese owner ByteDance to sell its US business if it wants to keep operating in the country&comma; citing security risks&period;<&sol;p>&NewLine;<p>Walmart said in a statement that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers&period;<&sol;p>&NewLine;<p>The Trump administration is forcing a sale of TikTok’s US operations because of its Chinese ownership and has threatened to ban the app&comma; which TikTok says has 100 million US users&period;<&sol;p>&NewLine;<p>TikTok has sued to stop the ban but not the sale order&period;<&sol;p>&NewLine;<p>Microsoft has confirmed discussions with TikTok&comma; and other tech companies such as Oracle are also reportedly interested in a possible acquisition&period;<&sol;p>&NewLine;<p>Over the past year&comma; TikTok has tried to put distance between its app and its Chinese ownership&period;<&sol;p>&NewLine;<p>It installed former top Disney executive Kevin Mayer as its American CEO but he resigned on Thursday after just a few months on the job&period;<&sol;p>&NewLine;<p>In a letter to employees&comma; Mr Mayer said that his decision to leave comes after the &OpenCurlyDoubleQuote;political environment has sharply changed”&period;<&sol;p>&NewLine;<p>ByteDance launched TikTok in 2017&comma; then bought Musical&period;ly&comma; a video service popular with teens in the US and Europe&comma; and combined the two&period; A twin service&comma; Douyin&comma; is available for Chinese users&period;<&sol;p>&NewLine;<p>US authorities are concerned that TikTok would turn over user data to Chinese authorities and that it censors content that would upset China&period;<&sol;p>&NewLine;<p>TikTok denies that it has shared user data with the Chinese government and would not do so if asked&comma; nor censored videos at Chinese authorities’ request&comma; and says it is not a national security threat&period;<&sol;p>&NewLine;<p>The sale situation has been unusual&comma; with President Donald Trump demanding payment for the US government for its part in orchestrating a deal&comma; a step that experts say is unprecedented&period;<&sol;p>&NewLine;<p>The president said on August 18 that Oracle was &OpenCurlyDoubleQuote;a great company” that &OpenCurlyDoubleQuote;could handle” buying TikTok&period; He declined to state a preference between Oracle and Microsoft as buyers&period;<&sol;p>&NewLine;<p>Microsoft and Walmart are already business partners&comma; with Microsoft providing cloud computing services that help run the retailer’s stores and online shopping&period; The two companies signed a five-year partnership in 2018&comma; enabling them to join forces against rival Amazon&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd31e6a1281">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68cd31e6a1281'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


Discover more from London Glossy Post

Subscribe to get the latest posts sent to your email.

- Advertisement -
Exit mobile version