(Pawonation) - On Friday, Walmart refuted an ABC News report stating that the company was contemplating becoming part of a consortium aiming to acquire shares in the short-video application TikTok.
On Friday, ABC News journalist Selina Wang mentioned in an X post that the globe’s biggest retailer was “seriously contemplating” becoming part of a consortium of investors aiming to acquire the popular short video application. The source for this information was stated to be familiar with the negotiations. According to both the initial posting and later coverage on ABC’s site, Walmart’s engagement stemmed from Amazon’s participation in the potential bid.
A representative for Walmart stated that the ABC report was inaccurate and noted that the piece has since been removed from the website.
The link to the article on the ABC News site currently reads "page unavailable." Attempts to get comments from ABC News have not yet been successful.
Previously, Walmart was associated with TikTok when it planned to join forces with Microsoft to acquire the application in 2020. On Friday, former U.S. President Donald Trump pushed back a deadline by 75 days, giving ByteDance more time to divest itself of American assets related to the widely-used short-video platform to an entity not based in China.
(Jaspreet Singh reported from Bengaluru and Siddharth Cavale from New York; Edited by Leroy Leo and Rosalba O'Brien)
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