Unless TikTok can find a US buyer for the company, it faces the possibility of being banned outright. To date, Microsoft is the frontrunner in a bid to acquire the company, but it seems that Walmart is now interested as well, although in this case, they might actually want to work with Microsoft to acquire the company.

According to Walmart, “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.”

The company adds, “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.” We’re not sure why a company like Walmart would want anything to do with a social media platform like TikTok versus a more traditional tech company like Microsoft, but given the app’s popularity, we’re not surprised that they want in on the action as well.

Last we heard, there were rumors suggesting that other companies were also interested in bidding on the company, which included the likes of Twitter and more recently Oracle as well. We’re not sure when any of these deals will close, but the US government has given TikTok until the 15th of September to find a buyer.

Filed in General. Read more about , , and . Source: theverge

Discover more from Ubergizmo

Subscribe now to keep reading and get access to the full archive.

Continue reading