Diversification – The Anticipations of Ghana’s Companies Act, 2019

Introduction

“Walmart leaps into TikTok acquisition fray, joining Microsoft’s bid” was The Washington Post’s 27th August 2020 online headline on news of the expression of interest by Walmart in TikTok. TikTok, the new sensational Chinese video-sharing social media application has been threatened with the United States (US) ban over security concerns following its current ownership and many US companies are racing against time to acquire the company.

Whilst Microsoft could be using its bid to diversify its business within the technology industry, surprising to many is the move by Walmart which describes itself as “the largest retailer in the world” with approximately 11,500 stores under 56 banners in 27 countries and e-Commerce websites to bid for a video sharing application – a potential leap into the technology industry.

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