Walmart denies ABC News report it could join investor group to buy TikTok

(Reuters) -Walmart on Friday denied a report from ABC News that it was considering joining a group of investors to buy short video app TikTok.

Earlier on Friday, ABC News reporter Selina Wang said in a post on X that the world’s largest retailer was “actively considering” joining a group of investors to buy the short video app, citing sources close to the deal. Walmart’s interest was triggered by Amazon’s involvement, the post and a subsequent story on ABC’s website said.

A Walmart spokesperson said the ABC story was incorrect and pointed out that the story had been taken down from the site.

The link to the piece on the ABC News website now says “page unavailable.” ABC News was not immediately available to comment.

Walmart had been previously linked to TikTok when it considered teaming up with Microsoft to buy the app in 2020. U.S. President Donald Trump on Friday extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer.

(Reporting by Jaspreet Singh in Bengaluru and Siddharth Cavale in New York; Editing by Leroy Leo and Rosalba O’Brien)


US starts collecting Trump’s new 10% tariff, smashing global trade norms

Tesla, chips, and banks tumble as China’s retaliation stokes fears of widening trade war

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Recent Comments

No comments to show.