Apple is not interested in buying TikTok, despite an Axios report that named the tech company as a potential buyer for the social networking app.
When the rising social networking app is in trouble and there are talks about it being acquired, the richest tech company is going to be reported as a potential buyer. It is inevitable.
Related | Microsoft In Talks To Buy TikTok
However, despite an Axios report that named Apple as a potential buyer for TikTok, the company said there are no talks at present to acquire the social networking app, and no plans to start any kind of talks either.
Such an acquisition would be surprising for Apple. The company, led by CEO Tim Cook, has been very critical of targeted advertising as it moves to deepen privacy and security for its users. Apple has also never seemed interested in developing social networking apps or products so far.
Moreover, Apple’s business is booming. Despite the on-going Coronavirus pandemic, the company published positive quarterly results. Apple’s revenue in both the products and services businesses grew by double-digit rates year over year.
Microsoft remains the only potential buyer for TikTok. After reports emerged on Friday, the company confirmed on Sunday that it was in talks to buy TikTok’s operations in the US, Canada, Australia, and New Zealand.