Walmart-Microsoft joining hands to bid for TikTok’s US arm: Report

Walmart is teaming up with Microsoft to make a bid for TikTok’s US operations, the company confirmed to CNBC today.

“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 said in a statement.

“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.”