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Trump grants TikTok another delay as Walmart readies bid

  • TikTok's parent company ByteDance has been granted another week to determine the future course of action, extending its deadline to December 4.
  • Walmart is teaming up with Oracle to make another bid to acquire TikTok, with a focus on expanding its e-commerce business and competing with Amazon.
  • Walmart aims to create shopping experiences within the TikTok app by featuring influencers showcasing products available for immediate purchase.
  • ByteDance is attempting to address security concerns by setting up a separate company for TikTok's U.S. operations, in which Oracle and Walmart would hold stakes.

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