Walmart would like to buy Generation Z’s favorite social media app.
According to , the U.S.-based retail giant is making moves to acquire TikTok. The report says Walmart plans on teaming up with Microsoft for the bid.
News of Walmart’s interest follows a from earlier on Thursday that says TikTok is close to a sale valued between $20 billion to $30 billion. The price would include the company’s operations in the U.S., Canada, Australia, and New Zealand.
“We are confident that a Walmart and Microsoft partnership would meet both the expectations of U.S. TikTok users while satisfying the concerns of U.S. government regulators,” said a Walmart spokesperson, confirming the company’s interest in an acquisition, to CNBC. …
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