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Walmart Joining Microsoft Likely Seals TikTok Deal, Wedbush Says

Aug. 27, 2020, 4:53 PM

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 ...