Walmart Joins Microsoft in Efforts to Acquire TikTok

U.S. President Donald Trump has until September 15 to reach an agreement to sell the TikTok U.S. segment to a local company, otherwise threatening to ban the app from operating in the U.S. Sales negotiations are underway with Microsoft.

Trump argues that this platform is a threat to the country’s national security.

Analysts explain that Walmart may be interested in acquiring TikTok to improve communication with young buyers who use the Internet to learn about lifestyle trends.

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TikTok’s popularity in the world has grown rapidly recently, especially among young people. The app offers to create and share short videos.

The app is owned by the Chinese company ByteDance.

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