More about Walmart’s deal with Oracle to invest in TikTok Global:
“The agreement is part of a deal that includes Oracle; together, the two companies would have a combined stake of 20% in TikTok Global, a new company that will be based in the U.S., according to CNN. Walmart has also agreed to provide e-commerce, fulfillment, payments and other omnichannel services, and CEO Doug McMillon would serve as one of five board directors, Walmart said.”
P.S. The new Walmart has no problem venturing into uncharted territory. Need help understanding it all? Our experts can help. Contact us today.