American retailer Walmart has partnered with Microsoft to buy the social networking site TikTok, CNBC reported.

“We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses,” it said. “We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators.”

Bloomberg, citing sources, writes that the Chinese firm ByteDance, which owns TikTok, has received offers to purchase the US division of the social network from Oracle and Microsoft in conjunction with Walmart. According to the agency, the deal can be reached within a week.