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MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
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Walmart Joins Microsoft's Pursuit of TikTok

08/27/2020 | 12:27pm EST

By Sarah Nassauer

Walmart Inc. said it has held discussions with Microsoft Corp. about partnering with the software giant in its pursuit of TikTok's U.S. operations, the latest big company to enter the chase for the popular short video-sharing app.

The Trump administration has pushed TikTok's owner, Chinese technology giant ByteDance Ltd., to sell its American operations after targeting the app over national-security concerns. Microsoft Corp., Oracle Corp. and Twitter Inc. have all been named as possible buyers of its operations in North America, Australia and New Zealand.

"The way TikTok has integrated e-commerce and advertising capabilities in other markets is a clear benefit to creators and users in those markets," Walmart said in a statement. CNBC earlier reported on Walmart's role in the discussions.

"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," Walmart said.

Walmart said a potential partnership with Microsoft would address U.S. government concerns about TikTok. Walmart and Microsoft are already partners on several technology projects, with the retailer using Microsoft's cloud computing services, as they seek a counterweight to Amazon.com Inc.

Write to Sarah Nassauer at sarah.nassauer@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 0.25% 232.9 Delayed Quote.4.46%
ORACLE CORPORATION 1.21% 62.55 Delayed Quote.-3.31%
TWITTER -2.98% 48.19 Delayed Quote.-11.01%
WALMART INC. -2.49% 143.84 Delayed Quote.-0.22%
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Financials (USD)
Sales 2021 552 B - -
Net income 2021 19 385 M - -
Net Debt 2021 44 086 M - -
P/E ratio 2021 20,5x
Yield 2021 1,52%
Capitalization 407 B 407 B -
EV / Sales 2021 0,82x
EV / Sales 2022 0,81x
Nbr of Employees 2 200 000
Free-Float 48,9%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 161,50 $
Last Close Price 143,84 $
Spread / Highest target 25,1%
Spread / Average Target 12,3%
Spread / Lowest Target -27,7%
EPS Revisions
Managers and Directors
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
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