Apple says it has no interest in buying TikTok

Apple says it has no interest in buying TikTok

Apple Inc has no interest in acquiring TikTok, the company said on Tuesday, denying a report by news website Axios from earlier in the day.

FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo

REUTERS: Apple Inc has no interest in acquiring TikTok, the company said on Tuesday, denying a report by news website Axios from earlier in the day.

Axios, citing sources outside Apple, earlier reported the iPhone maker has expressed interest in buying the ByteDance-owned firm. (https://bit.ly/2Dt3YyB)

Microsoft Corp is currently negotiating a deal to acquire the popular short-video app, with a 45-day deadline imposed by President Donald Trump's administration.

Last week, Trump said he was planning to ban TikTok amid concerns its Chinese ownership represents a national security risk because of the personal data it handles.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

Source: Reuters

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