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Walmart is teaming up with Microsoft on TikTok bid
Walmart confirmed it's teaming up with Microsoft in a bid for TikTok.
TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that's likely to be in the $20 billion to $30 billion range, sources say.
In a statement, the big-box retailer said TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets."
Walmart said it's teaming up with Microsoft in a bid for TikTok.
The retail giant confirmed to CNBC that it's interested in buying the popular short-form video application.
Walmart shares are up nearly 5% on the news.
TikTok's Beijing-based parent company, ByteDance, is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that's likely to be in the $20 billion to $30 billion range, sources say. It has not yet chosen a buyer, but could announce the deal in coming days, the sources say.
With Walmart's confirmation, it joins several others trying to acquire the tech company, including Oracle.
Walmart is pursuing the acquisition at a time when it's trying to better compete with Amazon. It plans to launch a membership program, called Walmart+, soon. The subscription-based service is the retailer's answer to Amazon Prime, which includes original TV shows and movies.
In a statement, the big-box retailer said TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets." It did not say how it would use TikTok or whether it would be part of Walmart+.
"We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses," it said. "We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators."
👀 👉🏼 https://www.cnbc.com/2020/08/27/walmart-is-teaming-up-with-microsoft-on-tiktok-bid.html
#walmart #microsoft #tiktok #DeleteTikTok
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
Walmart confirmed it's teaming up with Microsoft in a bid for TikTok.
TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that's likely to be in the $20 billion to $30 billion range, sources say.
In a statement, the big-box retailer said TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets."
Walmart said it's teaming up with Microsoft in a bid for TikTok.
The retail giant confirmed to CNBC that it's interested in buying the popular short-form video application.
Walmart shares are up nearly 5% on the news.
TikTok's Beijing-based parent company, ByteDance, is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that's likely to be in the $20 billion to $30 billion range, sources say. It has not yet chosen a buyer, but could announce the deal in coming days, the sources say.
With Walmart's confirmation, it joins several others trying to acquire the tech company, including Oracle.
Walmart is pursuing the acquisition at a time when it's trying to better compete with Amazon. It plans to launch a membership program, called Walmart+, soon. The subscription-based service is the retailer's answer to Amazon Prime, which includes original TV shows and movies.
In a statement, the big-box retailer said TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets." It did not say how it would use TikTok or whether it would be part of Walmart+.
"We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses," it said. "We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators."
👀 👉🏼 https://www.cnbc.com/2020/08/27/walmart-is-teaming-up-with-microsoft-on-tiktok-bid.html
#walmart #microsoft #tiktok #DeleteTikTok
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
CNBC
Walmart is teaming up with Microsoft on TikTok bid
Walmart said TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets."
The Lesson We’re Learning From TikTok? It’s All About Our Data
We should minimize how much we share with all of our favorite and not-so-favorite apps. Here’s how.
Is TikTok, the Chinese-owned social network that is used mostly by teenagers to post dance videos, a national security threat?
It depends on whom you ask.
President Trump has said it is and has threatened to ban the app in the United States. But security experts are more hesitant to draw conclusions. While there is no direct evidence that TikTok has done anything malicious with people’s data, sharing information could be fundamentally less safe with a company that might allow the Chinese authorities to intercept it.
So I asked two companies that offer mobile security products to take a close look at TikTok’s app to see what they could glean about it. They had very different takes.
https://www.nytimes.com/2020/08/26/technology/personaltech/tiktok-data-apps.html
#TikTok #privacy
We should minimize how much we share with all of our favorite and not-so-favorite apps. Here’s how.
Is TikTok, the Chinese-owned social network that is used mostly by teenagers to post dance videos, a national security threat?
It depends on whom you ask.
President Trump has said it is and has threatened to ban the app in the United States. But security experts are more hesitant to draw conclusions. While there is no direct evidence that TikTok has done anything malicious with people’s data, sharing information could be fundamentally less safe with a company that might allow the Chinese authorities to intercept it.
So I asked two companies that offer mobile security products to take a close look at TikTok’s app to see what they could glean about it. They had very different takes.
https://www.nytimes.com/2020/08/26/technology/personaltech/tiktok-data-apps.html
#TikTok #privacy