Walmart has issued a statement on reports that Walmart plans to work with Microsoft to purchase TikTok:
“The way TikTok has integrated e-commerce and advertising capabilities in other markets is a clear benefit to creators and users in those markets. We believe a potential relationship with TikTok U.S. in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses. We are confident that a Walmart and Microsoft partnership would meet both the expectations of U.S. TikTok users while satisfying the concerns of U.S. government regulators.”
P.S. Walmart is making big changes in the tech arena. Need help understanding it all? Our experts can help. Contact us today.