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UNCLASSIFIED//FOUO b3 Title: (U) "cnBc: walmart Teams with Microsoft in Bid for TikTok" b7E Re: 08/28/2020 Walmart Inc. of Bentonville confirmed Thursday that it's teaming up with Microsoft Corp. of Seattle in a bid for social media phenom TikTok, CNBC reports. In a statement to the financial news network, the retailer called. TikTok's integration of e-commerce and advertising "a clear benefit to creators and users in those markets." "We believe a potential relationship with TikTok Us in partnership with ue ynnm naewnem apnaoad pue Aanneuonnnung Aay anyn ppe pnnon aaoaoanan important way for us to reach and serve omnichannel customers as well as partnership would meet both the expectations of us TikTok users while. satisfying the concerns of us government regulators." CNBc, citing unnamed sources, said TikTok is selling its U.s., Canadian, Australian, and New Zealand operations in a deal likely to be in the $20. billion to $30 billion range.. Arkansas Business will update this story. TikTok is a social media platform targeted at young mobile phone users. It was the second-most downloaded app in the world in 2019. It was the most downloaded app in July 2020.. buoee eapae Aq paaeeg uaag dey yoaneh 'aaannaaeg Auedaen aaaunan Aq paaeo with 58 other Chinese-owned apps in July in response to escalating border tensions between the two countries. The Trump administration, which considers the app a security risk, issued an executive order banning TikTok and Chinese-owned messaging platform aauodsa ut yanbny ut uongeagstunupe dunne ayg pans Auedunn ayt dt ndae UNCLASSIFIED//FOUO 2