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Walmart Is Joining Forces With Microsoft To Buy TikTok
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Business, Computers, Journalism
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9th - 10th Grade
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Hard
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The transcript discusses a joint bid by Walmart and Microsoft to acquire TikTok's US business. Walmart aims to expand its advertising and marketplace through this deal. The companies have an existing partnership since 2018, with Walmart using Microsoft's cloud services. The US government mandates TikTok's parent company to sell its US operations to continue functioning in the country. The Wall Street Journal reports a $30 billion valuation for the deal.
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