27-08-2020 18:29 via uk.finance.yahoo.com

Walmart enters talks to buy TikTok with Microsoft

Walmart has entered the race to buy TikTok at the eleventh hour, forming an anti-Amazon alliance with Microsoft that hopes to use the video app as a way to challenge Jeff Bezos’ online retail empire. The US supermarket giant confirmed on Thursday it had joined Microsoft’s bid for TikTok’s US operations, which the Trump administration is forcing its Chinese owners to sell by the middle of next month. Competing bids from Microsoft and a group led by US software company Oracle are
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