Walmart denies ABC News report it could join investor group to buy TikTok

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Walmart denies ABC News report it could join investor group to buy TikTok

, Reuters - 5:46 PM ET 4/4/2025 mergers-and-acquisitions

April 4 (Reuters) - Walmart ( WMT ) on Friday denied a report from ABC News that it was considering joining a group of investors to buy short video app TikTok.

Earlier on Friday, ABC News reporter Selina Wang said in a post on X that the world's largest retailer was "actively considering" joining a group of investors to buy the short video app, citing sources close to the deal. Walmart's ( WMT ) interest was triggered by Amazon's involvement, the post and a subsequent story on ABC's website said.

A Walmart ( WMT ) spokesperson said the ABC story was incorrect and pointed out that the story had been taken down from the site.

The link to the piece on the ABC News website now says "page unavailable." ABC News was not immediately available to comment.

Walmart ( WMT ) had been previously linked to TikTok when it considered teaming up with Microsoft to buy the app in 2020. U.S. President Donald Trump on Friday extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer. (Reporting by Jaspreet Singh in Bengaluru and Siddharth Cavale in New York; Editing by Leroy Leo and Rosalba O'Brien)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.