Walmart and Oracle agree to take stakes in TikTok Global (deal never closed)
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On September 19, 2020, Walmart said it had tentatively agreed to buy 7.5% of a proposed TikTok Global, alongside Oracle, subject to U.S. government approval. The deal was shelved indefinitely in February 2021 and never closed; Walmart never held a stake.
Announced: Sep 19, 2020
Last updated Oct 31, 2026 by the ATDb Editorial Team
Overview
On September 19, 2020, Walmart said it had tentatively agreed to buy 7.5% of a proposed TikTok Global, alongside Oracle, subject to U.S. government approval. The deal was shelved indefinitely in February 2021 and never closed; Walmart never held a stake.
Deal details
- Funding Round
- Strategic Investment / Minority Stake
- Market Segment
- Retail media, social commerce, social advertising
Source
Connection details