Walmart Joining Microsoft Likely Seals TikTok Deal, Wedbush Says

Walmart partnering with Microsoft in the tech giant’s bid for TikTok is the “final piece of the puzzle that ultimately cements” a successful acquisition of TikTok’s U.S. operations for $35 billion to $40 billion, Wedbush analyst Daniel Ives wrote in a note.

• WMT shares rose as much as 6.6% to a record high after news broke that the retailer was teaming up with MSFT for a bid
• MSFT looks like the “only true white knight”
  • Other FAANG stocks are “up to their eyeballs in regulatory swirls,” while financial buyers or social media players like Twitter aren’t “viable options given this ...