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Sources: Microsoft working with Walmart on TikTok deal

Aug. 27, 2020 03:24PM EST
 Dan Ackermann

Microsoft is working on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.

Behind the scenes: The idea would be to helpturn TikTok U.S. into more of an e-commerce app for creators and users, much like what current parent company ByteDance does with a similar app in China.

  • It's possible that Walmart also has had discussions with Oracle, which also continues to negotiate with ByteDance.
  • SoftBank Group is not involved in the Microsoft/Walmart effort, although the firm has made inquiries to ByteDance, per sources.

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