Microsoft Corp and Walmart Inc are together bidding for TikTok's U.S. assets, competing with Oracle Corp for a piece of the popular short-video app.
- Microsoft Corp and Walmart Inc are together bidding for TikTok’s U.S. assets, competing with Oracle Corp for a piece of the popular short-video app.
FILE PHOTO: Walmart's logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski The companies have signed a five-year cloud computing deal, invested to expand into newer regions and collaborated on other projects.** Walmart appointed Suresh Kumar as its chief technology officer. Kumar previously held positions with tech giants such as Alphabet Inc’s Google, Microsoft and Amazon.com Inc.** The companies signed a five-year cloud computing deal for Walmart to use Microsoft software and its Azure, the biggest competitor to Amazon’s AWS cloud service.
** Under the deal, engineers from both companies are collaborating to migrate a significant portion of walmart.com and samsclub.com to Azure. ** Walmart outbid Amazon to become a majority owner of Indian e-commerce company Flipkart for a hefty price of $16 billion, a year after Microsoft invested in the company. ** Microsoft, along with China's Tencent Holdings Ltd and e-commerce company eBay Inc, had participated in Flipkart's $1.4 billion funding round a year earlier. Microsoft still owns a small stake in Flipkart. ** Walmart launched its VUDU entertainment service on Microsoft’s Xbox 360.
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