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business if it wants to keep operating in the country, citing security risks. But the White House is pushing TikTok’s Chinese owner ByteDance to sell its U.S. TikTok, through its fun, goofy videos, has gained 100 million U.S. Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers. The two companies signed a 5-year partnership in 2018, enabling them to join forces against a shared rival: online shopping giant Amazon. Microsoft provides cloud computing services that help run the retailer’s stores and online shopping. It may seem like an unlikely combination, but Microsoft and Walmart are already business partners.
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business, according to a person close to the deal who isn’t authorized to discuss the terms publicly. The world’s largest retailer made a joint bid with tech giant Microsoft to buy TikTok’s U.S. Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.