Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.
The U.S. Justice Department said it had appealed a Pennsylvania judge's Oct. 30 order that blocked the government from imposing restrictions on Chinese-owned TikTok that were set to take effect on Thursday.
The U.S. Treasury Department said on Wednesday it wants a resolution of national security risks it has raised over ByteDance's 2017 acquisition on Musical.ly, which it then merged into the TikTok video-sharing app.
ByteDance, the parent company of video-sharing app TikTok, filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
Walmart Inc, the world’s largest retailer, is selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.
TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion (138.14 billion pounds) after the investment, according to two people familiar with the matter.
A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the imposition of further restrictions on TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.