Apple will not be competing with Microsoft for the purchase of TikTok, it appears. The company told The Verge it is not interested in buying the video-sharing app. The company said that it was not currently conducting talks with TikTok. Furthermore, it does have plans to make such a purchase.
Microsoft, Not Apple, Looking to Purchase TikTok
While the two firms never seemed like a natural match, there was some speculation that Apple may be interested and it could benefit from the transaction. Indeed, Axios reported multiple sources claiming “Apple has expressed interest, albeit no sources inside of Apple, and that at least one other strategic has expressed interest.” However, following Apple’s subsequent denials, it looks like Microsoft remains the frontrunner to buy the Chinese firm’s U.S. business.