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Friday, April 4, 2025

Walmart May Join Group Pursuing TikTok Following Amazon's Interest, ABC News Says

 --Walmart is actively considering joining a group of investors trying to buy TikTok following Amazon's 11th hour bid, ABC News reported, citing sources close to the deal.

--The retailer in 2020 said it was teaming up with Microsoft to make a bid for the Chinese-owned social video app, ABC News said.

--The Trump administration is considering a deal to save TikTok that would have China maintaining control of the algorithm that will be leased to a U.S. company, with a minority ownership stake, ABC New reported.

--The White House and Walmart didn't immediately respond to requests for comment, according to ABC News.

https://www.morningstar.com/news/dow-jones/202504046781/walmart-may-join-group-pursuing-tiktok-following-amazons-interest-abc-news-says

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