Find in the news:
BY COUNTRY

Walmart team up with Microsoft to buy TikTok



The cost of a deal to sell part of the business of a popular application can range from $20 to $30 billion.
Walmart

Due to a possible ban on the TikTok application in the U.S., and due to political conflicts, part of the company's business, namely branches operating in the U.S., Canada, and New Zealand markets, is planned to be sold shortly. Among the U.S. companies that could be involved in the deal are Microsoft, Oracle, Twitter, and others.

Another name in the history of the purchase of TikTok was Walmart. The American retailer has confirmed that it is joining forces with Microsoft to participate in the bidding for the purchase of the video-sharing application. Negotiations on a potential deal are already underway, as confirmed by multiple publications. 

The total cost of the deal, according to experts, may range from $20 to $30 billion. Buyers are not yet specific, but it is expected that in the coming days, TikTok will decide on the new owner of part of its business. 

On the part of Walmart, the interest in TikTok is because the company has managed to integrate e-commerce and advertising opportunities effectively. In a statement, Walmart stressed that this crucial functionality is available to the company and that it will "open a new way to attract and serve multi-channel customers, as well as contribute to the growth of the trading platform and advertising business." 

However, how exactly TikTok will be used in the Walmart business has not yet been reported. The application will either become part of the loyalty program Walmart+ or may be used in any other way. In any case, the company will have access to hundreds of millions of active monthly users of TikTok, and the company will undoubtedly find a way to monetize it. It is also not yet clear how Microsoft and Walmart will share its acquisition and whether the retailer will become the principal owner. 


More about shopping malls in the USA



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us