Apple says it has no interest in buying TikTok

FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York
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

August 4, 2020

(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)