What you need to know
- Walmart confirmed that it is teaming up with Microsoft in a bid to purchase TikTok.
- TikTok could be sold in or around the next 48 hours, according to previous reports.
- The sale of TikTok could be in the range of $20 billion to $30 billion.
Microsoft appears to have a new partner in its pursuit of TikTok, Walmart. The retail giant confirmed to CNBC that it is teaming up with Microsoft in a bid for TikTok.
According to sources that spoke with CNBC, Tiktok is close to an agreement to sell its operations in the U.S., Canada, Australia, and New Zealand. The deal is likely to be worth $20 billion to $30 billion, according to CNBC's sources.
According to previous reports, TikTok could be sold in or around the next 48 hours.
Microsoft is in competition with Oracle to purchase TikTok, but the potential addition of Walmart to a bid could affect how things move forward.
Walmart said in a statement:
We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses ... We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators.
It's unclear at this time how Walmart would utilize TikTok if it was successful in purchasing the company. Walmart did tell CNBC that TikTok's integration of e-commerce and advertising "is a clear benefit to creators and users in those markets."
Surface Pro X with SQ2 launches on October 13th. Here's what's new.
Surface Pro X (2020) is a minor refresh bringing new platinum color, more colors for the keyboard, and Microsoft's new custom processor — the new SQ2 — built with Qualcomm for better performance. You can preorder it today for an October 13th release. Here's what else is new.
Surface expands footprint to 11 new European markets
Surface is expanding its reach around the globe with a launch in several new European markets. In all, Microsoft says the Surface brand is headed to 11 additional markets, ranging from Bulgaria and Croatia to Romania, Slovenia, and Slovakia.
Microsoft unveils refreshed Surface Pro X and new Surface Laptop Go
It's that time of year again. New Surface hardware is upon us, and while we're not getting the same amount of hardware as last year, we are getting some interesting refreshes and new products ranging from a new Surface Laptop to a new Designer Keyboard. Here's all of today's hardware announcements from Microsoft, in one convenient place.
Best Online Fax Services 2020
If you need to do some faxing but you don't want to shell out the money for a fax machine of your own, online fax services are the way to go. Here are some of our favorites.