Walmart partnering with Microsoft on TikTok buyout: Report
Wedbush managing director and tech analyst Dan Ives says Walmart teaming up with Microsoft in a bid for TikTok ‘likely seals the deal.’
Confirmation of a signed and binding deal to purchase the U.S. assets of TikTok could come as soon as tonight and before Monday, FOX Business has learned.
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Sources familiar with negotiations say there is now a possibility the deal won’t include TikTok’s Australia, New Zealand or Canadian arms.
“Why sell off assets when you don’t have to?" sources said, "That’s why the U.K. arm was never part of the sale.”
WHOEVER BUYS TIKTOK WILL NOT BE ABLE TO TRANSFER DATA FROM AMERICAN SOIL TO CHINESE SERVERS: NAVARRO
TikTok officials see little reason to rush and “have a fire sale” of assets that TikTok's Chinese parent Bytedance knows are incredibly valuable.