TikTok is said to wrestle with two competing offers

The race to buy TikTok’s US operations has entered its final stages, with two groups submitting bids for the video app, said three people involved in the deal talks. One of the bids was from Microsoft and Walmart, which have teamed up, and the other was from Oracle and could include a coalition of investors, they said.

The discussions remain fluid, said the people, who were not authorized to speak publicly.

But TikTok’s owner, Chinese internet company ByteDance, will most likely make a decision on the competing bids in the coming days, they said.

A deal with Microsoft and Walmart could draw on Walmart’s digital sales background to turn TikTok into a kind of e-commerce app for both creators and users, people involved in the talks said.