Walmart has joined Microsoft in its bid to acquire TikTok, the Chinese-owned video app popular among Generation Z, according to multiple reports on Thursday, August 27. Recommended Videos Microsoft has long been the frontrunner in TikTok’s very public purchase battle sincePresident Donald Trump t...
TikTok is looking to ensure its ongoing presence in the U.S. after President Donald Trump issued an executive order in August that said the app would be banned unless ByteDance sold its U.S. assets to an American company by September 15. Although a later executive order extended the deadlin...
Billionaire Frank McCourt is organizing a consortium of investors topurchase TikTokfrom its China-based parent company, ByteDance, as the social media platform faces a potential ban in the U.S. due to national security concerns if it isn't divested. McCourt, executive chairman of McCourt Globa...
TikTok's strength resides in its extensive library of user-generated short-form videos and its ability to curate compelling content. While Perplexity would not necessarily acquire TikTok's proprietary recommendation algorithm (if retained by ByteDance), the merger could still allow Perplexity to use th...
Razer has made a bid to fully acquire Malaysian e-payments vendor, MOL Global, for an estimated US$61 million and merge both companies' virtual currency platforms. The game accessories maker currently owned a 34.9 percent stake in MOL and, subject to the approval of the latter's shareholders...
Microsoft will not acquire TikTok's U.S. operations after ByteDance rejected the company's offer. The Redmond, Wash.-based tech giant was seen as a
Etsy will acquire Depop for $1.625 billion, primarily using cash. The deal is expected to close in the third quarter of 2021. 90% of Depop users are 26-years old or younger, giving Etsy more traction among Gen Z. Etsy has said that Depop will still operate in London under its...
(MENAFN- AFP) Pfizer plans to increase its bid to acquire AstraZeneca as it seeks to bring the British pharmaceutical giant to the negotiating table, according to media reports Thursday. Pfizer disclosed Monday that AstraZeneca in January rejected an offer of about $99 billion to acquire the ...
One move was to acquire financial-technology company Verafin. Its tools are used by banks to detect financial crimes such as payments fraud and money laundering. These days, financial crime seems to be rampant. Nasdaq Verafin estimates over $480 billion was lost to bank fraud schem...
Microsoft, along with Oracle, has beenin talks to acquire TikTok, and now Walmart wants in on the action. Walmart expressed interest in buying TikTok, and announced that it would team up with Microsoft to place a bid. With the TikTok deal valued anywhere from $20 to $30 billion, it's...