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Business deals

Walmart joins Microsoft's TikTok bid as rival leaps ahead

Oracle reportedly nearing a deal to buy China's first global hit

Retail giant Walmart has teamed up with Microsoft to buy popular Chinese-owned video app TikTok.   © Reuters

NEW YORK -- Walmart has emerged as another unexpected suitor for TikTok as the Chinese-owned social media app races to sell its American operations before a fall deadline set by U.S. President Donald Trump.

The retail giant confirmed Thursday that it has joined Microsoft in pursuing TikTok. The duo would be vying against a reported alliance between American software giant Oracle and existing TikTok shareholders General Atlantic and Sequoia.

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