Walmart is reportedly teaming up with Microsoft to bid for acquiring TikTok, even as a report suggested that Oracle has emerged has the frontrunner to acquire the popular short video app from Chinese parent ByteDance. According to CNBC, which first reported Walmart's interest in TikTok, the company believes that acquiring TikTok will help it to serve its omnichannel customers, as well as grow its ad business, which is expected to boost Walmart's e-commerce division. ByteDance, meanwhile, is reportedly nearing a deal to sell TikTok's US business in the coming days. Not Walmart's first partnership: In fact, before partnering with Microsoft, Walmart had teamed up with Softbank and Alphabet, according to another CNBC report. This deal would reportedly have put Walmart as the lead buyer, with SoftBank and Alphabet acquiring minority stakes. The retailer also wanted to be the exclusive e-commerce…
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