Here’s why a TikTok deal makes sense for Walmart: by skleb1234
“We’ve really been focused recently on rolling out some e-commerce features,” she“The lines are blurring between traditional shopping, digital shopping and social media. Walmart needs more exposure to this trend,” says Lasser. TikTok’s Chinese-based parent company, ByteDance, is nearing an agreement to sell its U.S.
to become majority owner of TikTok through a partnership with SoftBank and Google-parent Alphabet, according to CNBC.Also on Thursday, Oracle emerged as the frontrunner in the race to buy TikTok, with a proposed deal of $20 billion, according to aA deal would include $10 billion in Oracle and stock and 50% of annual TikTok profit going back to parent-company ByteDance, according to the report.
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