Walmart is aiming TikTok to help grow its operations as US retail giantis joining hands with Software giant Microsoft to bid for the US operations of TikTok.
Meanwhile the Chinese video-sharing app TikTok has been given 3 months to unload its US arm to US based company or face a ban in the country.
US president Mr. Donald Trump has claimed that the TikTok shares its user data with Chinese Governement, claims it denies.
The bidding war started after the US government recently has accused TikTok owner Bytedance, of being a threat to US national security. US officials claimed that data the company gathers from its 800 million users around the world can be exploited by the Chinese government, which is a threat for US. Following the news of ban TikTok head also handed in his resignation.
Walmart spokesperson confirmed the bid by saying that this joint bid by retailer and Microsoft will be better for both the users and the US government. Earlier this month Microsoft also said that the Company was in talk with TikTok
Reports said that Asda parent company Walmart and Microsoft are not the only US companies to bid for TikTok. IT-giants like Oracle are also in the race of take over that could give Chinese firm more than $30 billion.
TikTok was launched back in 2018 and allows its users create short videos with the aid of songs or dialogues and has appealed a massive viewership.
