(Bloomberg) — Microsoft Corp. teamed up with Walmart Inc. in a contest with Oracle Corp. to buy the U.S. assets of the popular video-sharing app TikTok from China’s ByteDance Ltd.Oracle and Microsoft, with its new partner, both submitted bids in a deal that could come within the week, according to people familiar with the deliberations. Walmart would also own a stake in a newly spun off TikTok business, alongside Microsoft, the people said.Competing offers have been made in what augurs the closing process of a deal, although it will take longer for final details to be worked out, one person …read more
Source:: Yahoo Finance
