Walmart May Join Group Pursuing TikTok Following Amazon's Interest, ABC News Says

Dow Jones

04 Apr

ABC2.12%

By Denny Jacob

--Walmart is actively considering joining a group of investors trying to buy TikTok following Amazon's 11th hour bid, ABC News reported, citing sources close to the deal.

--The retailer in 2020 said it was teaming up with Microsoft to make a bid for the Chinese-owned social video app, ABC News said.

--The Trump administration is considering a deal to save TikTok that would have China maintaining control of the algorithm that will be leased to a U.S. company, with a minority ownership stake, ABC New reported.

--The White House and Walmart didn't immediately respond to requests for comment, according to ABC News.

Full story at https://abcnews.go.com/Politics/walmart-buying-tiktok-sources/story?id=120494441&cid=social_twitter_abcn

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

April 04, 2025 14:05 ET (18:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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