Microsoft and Walmart Partner for TikTok Bid as Kevin Mayer Exits Company
Walmart and Microsoft are teaming up to make a bid for the short-form video app TikTok, according to The New York Times. Microsoft was already in talks with TikTok owner ByteDance, but is facing competition from Oracle and Twitter, according to published reports. For sale are TikTok’s North American, Australian, and New Zealand operations, which are estimated to be worth somewhere between $20B – $30B USD. Walmart confirmed the story, issuing the following statement Thursday: “We are confident that a Walmart and Microsoft partnership would meet both the expectations of