Walmart Grows Fashion Portfolio and Eyes TikTok Investment

Sourcing Journal

Walmart is looking to grow in more ways than one.

Walmart should be able to fund the deal with its cash balance of $16.9 billion at the end of second quarter 2020, along with incremental cash flow from its solid near-term business trend,” Joseph Feldman, equity analyst at Telsey Advisory Group, said. “With the deal, Oracle would become TikTok’s secure cloud provider and Walmart would bring its omni-channel retail capabilities, including e-commerce, fulfillment, payments, and other omni-channel services.”

To view the full article, please click on the following link:

Visit Content