Apple denies report it's set to bid against Microsoft on TikTok takeover
Apple Inc.
has reportedly denied interest in acquiring TikTok after an Axios story from earlier Tuesday said that Apple was looking into a potential deal for the social-media app given that the U.S. has threatened to ban it from the U.S. due to national security concerns about Chinese parent company ByteDance. An Apple spokesperson told Axios following that report that the company hasn't held discussions about buying TikTok and isn't interested in a deal.
is considered to be the most logical bidder for TikTok and the company confirmed over the weekend that it would continue discussions about a possible deal. Apple shares are up 0.6% in Tuesday trading, while Microsoft shares are down 2.7%. Apple's stock has added 50% over the past three months, compared with an 18% rise for Microsoft's and a 13% gain for the Dow Jones Industrial Average DJIA, +0.41%, of which both Apple and Microsoft are components.
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Pompeo says Trump will take action 'in the coming days' on TikTok and other Chinese appsSecretary of State Mike Pompeo said Sunday that President Donald Trump 'will take action in the coming days' on Chinese apps, including TikTok, citing national security risks.
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TikTok: How would the US go about banning the Chinese app?Several options exist, from preventing Google and Apple offering the app, to blocking its servers.
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Trump Wants to Break TikTok Away From ChinaPresident Trump’s reportedly on the verge of signing an executive order forcing China’s ByteDance to sell the app. Microsoft’s interested.
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Microsoft, TikTok officials in White House talks to prevent total banMicrosoft confirmed talks between CEO Satya Nadella and President Trump and said the tech giant is 'committed' to acquiring TikTok.
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Microsoft Renews Its Pursuit Of TikTok After Talking With TrumpMicrosoft CEO Satya Nadella spoke to President Trump this weekend, and a ban now seems a little less likely.
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Microsoft to continue talks to buy TikTok from ByteDanceMicrosoft Corp said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by Sept. 15.
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