TikTok Sale Looks Imminent As Microsoft Teams With Walmart, Oracle Finalizes Bid
MSFT) shares were trading higher Thursday on reports that TikTok is likely to announce the sale of its U.S. operations in the coming days for $20-$30 billion.
CNBC.” data-reactid=”20″>Walmart Inc (NYSE: WMT) has confirmed it will be teaming up with Microsoft in a bid for TikTok, according to CNBC.
“The way Tik Tok has integrated e-commerce and advertising capabilities in other markets is a clear benefit to creators and users in those markets,” Walmart told CNBC in a statement.
ORCL) are in talks to buy TikTok and are at the negotiation stage. Oracle has submitted a bid for Tiktok in a $20-billion stock-and-cash deal.
The president accused the company of siphoning off “vast swaths of information” from its users, and doing the bidding of the Chinese Communist Party.
resigned.” data-reactid=”29″>On Thursday, TikTok CEO Kevin Mayer resigned.
The stock has a 52-week high of $231.15 and a 52-week low of $132.52.
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