Walmart to Team-up with Microsoft for Purchasing TikTok’s US Operations
A Walmart spokesperson told AFP, According to analysts, Walmart’s main motive behind purchasing TikTok is to better connect with younger shoppers who turn to the internet for lifestyle trends. The GlobalData Retail managing director Neil Saunders stated, according to Wedbush analyst Dan Ives, Walmart teaming up with Microsoft was “the final piece of the puzzle that ultimately cements Microsoft successfully acquiring TikTok’s US operations for likely $35 billion to $40 billion.” Ives further said that deal negotiations will be complex with several technology and data privacy issues that need to be solved before an agreement is finalized. Check out? Google and Walmart Partner for Voice Based Shopping Project
