Who’s trying to buy TikTok?
TikTok confirmed Oracle’s role and said it was working with Walmart on a commercial partnership.
Walmart said it has tentatively agreed to a purchase 7.5% stake, and CEO Doug McMillon would serve as one of the five board members of the newly created company..
Why is TikTok getting banned in US?
TikTok was set to be effectively banned in the United States on Nov. 12 after President Trump issued an executive order in August stating it was a national security threat due to its parent company’s ties to China.
What will happen if Microsoft buys TikTok?
If Microsoft’s purchase is successful, users’ experiences on TikTok will be business as usual, as stated by analysts. … That means younger consumers will get into the Microsoft environment and become familiar with Microsoft products, just like they already are with Google, through Google’s popular YouTube platform.
Is Microsoft trying to buy TikTok?
Microsoft on Sunday confirmed that it has held talks with Chinese technology company ByteDance to acquire its trendy social app TikTok in the U.S. Microsoft said in a statement that it will keep working with the U.S. government on a deal and that it intends to conclude talks by September 15.
Why is Microsoft interested in TikTok?
Microsoft (NASDAQ: MSFT) has revealed that it currently in talks to buy the U.S. operations of TikTok, the popular Chinese video application which has come under scrutiny from the U.S. government due to concerns of privacy and ties to the Chinese state.
Why would Walmart want to buy TikTok?
The company said Thursday that its interest in the app stems from the way it has “integrated e-commerce and advertising capabilities in other markets,” and added that TikTok could bolster Walmart’s access to consumers. … TikTok says it has about 100 million users in the United States.