Wal Mart has confirmed that it is bidding with Microsoft for tiktok, US consumer news and business channel reported on the 27th. According to people familiar with the matter, the app is about to reach an agreement to sell its businesses in the United States, Canada, Australia and New Zealand, with a transaction value of between $20 billion and $30 billion. Currently, tiktok has not selected a buyer, but will make a decision in the next few days. < / P > < p > Wal Mart said in a statement that tiktok’s combination of e-commerce and advertising “is obviously good for content creators and users in these markets.” < / P > < p > however, a Wal Mart spokesman did not disclose how the two companies would split the ownership of tiktok and whether Wal Mart would become a majority owner if they won the bid. In addition, Wal Mart did not say how it would use tiktok or whether tiktok would become a part of Walmart +.