new Delhi. Tiktok (TikTok) has been in a lot of controversy for the last few days, due to which it has remained in the headlines continuously. It has now taken a new turn, under which US retail giant Walmart has entered into a joint bid with Microsoft (Microsoft) to buy TickTock’s business. Oracle Corporation (Oracle) was already involved in this race and now Walmart has also become a part of the race.
This deal can be done in such a dollar
According to the report, Ticketcock’s parent company Bytdance is close to an agreement between US President Donald Trump’s scheduled 90-day deadline to sell its businesses in Canada, Australia and New Zealand, including the US, for $ 20 billion. To be decided between $ 30 billion.
Transactions were banned
Its future is uncertain at the moment as Tittock filed a lawsuit against the Trump administration over its executive order banning transactions with its parent company ByteDance in the US within 45 days. It will be too early to say anything about how beneficial it will be for American companies to acquire in the coming times. Now the question is, what kind of political environment is there in America, will the deal be proved better? This is something to see.
Earlier on Thursday, Ticketcock CEO Kevin Mayer has resigned from his post amidst all the political ups and downs. This includes incidents like US President Donald Trump’s dispute with the government, talk about selling the company in the US, banning apps in India. Kevin resigned less than six months after he was reinstated. He announced this via an email, which was first noticed by the Financial Times on Thursday. It was informed in the report that the company’s general manager Vanis Papaj has been appointed as the interim CEO of TickTalk with immediate effect.