CNBC: Walmart is teaming up with Microsoft on TikTok bid

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CNBC reports:

Walmart said it’s teaming up with Microsoft in a bid for TikTok.

The retail giant confirmed to CNBC that it’s interested in buying the tech company.

TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that’s likely to be in the $20 billion to $30 billion range, sources say. With Walmart’s confirmation, it joins several others bidding on the tech company, including Oracle.

In a statement, the big-box retailer said TikTok’s integration of e-commerce and advertising “is a clear benefit to creators and users in those markets.”

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