Tiktok (Tik Tok) has been in a lot of controversies for the last few days, due to which it has remained in the headlines continuously. Now it has taken a new twist, under which the US retail giant Walmart has made a joint bid with Microsoft to buy TickTock's business. In this race, the Corporation was already involved in the race, now Walmart has also become a part of the race.
Now the question is, what kind of political environment is there in America, will the deal be proved better?
This is something to see. According to the report, TicTalk's parent company Bytdance is close to an agreement between US President Donald Trump's stipulated 90-day deadline to sell its business in Canada, Australia, New Zealand, including $ 20 billion to 30. To be decided between billion dollars.
However, its future is uncertain at the moment as TickTock filed a lawsuit against the Trump administration over an executive order banning transactions with its parent company ByteDance in the US within 45 days. For American companies, how beneficial it will be to acquire in the future, it is too early to say anything.
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