Walmart to take 7.5% stake in TikTok as deal receives cautious “blessing”

Walmart has agreed to purchase a 7.5 per cent stake in TikTok as a complex deal to keep the social media giant operating in the US is receives President Trump’s “blessing”.
Walmart and technology giant Oracle are set to collectively take a 20 per cent stake in TikTok Global in a deal which would leave its owner ByteDance with a majority stake.
On Saturday Trump tentatively said he gave his “blessing” to the “concept” of such a deal, despite ordering the