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Walmart joins Microsoft bid for TikTok as social media app CEO quits

By Yingzhi Yang, Kanishka Singh and Echo Wang

Aug 28 2020 6:44AM

Deal talks ramp up.

Walmart joins Microsoft bid for TikTok as social media app CEO quits

Walmart said it was joining Microsoft in a bid for social media company TikTok's US assets, revealing its plans hours after the video company's chief executive said he would step down. CEO Kevin Mayer, a high-profile former Disney executive, is leaving three months after joining TikTok, in the ...

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