Finance

Apple says it has no interest in buying TikTok


Apple 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.

Microsoft is currently negotiating a deal to acquire the popular short-video app, with a 45-day deadline imposed by President 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.

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