Axel Springer Open to European TikTok Deal
Publishing group Axel Springer says it would welcome a European initiative to separate TikTok from its Chinese owners. The German company responded to reports about its interest in a regional acquisition.
Axel Springer would welcome a European initiative to separate TikTok from its Chinese owners, following the model used in the United States to transfer control of the app. The publishing group responded on Thursday to reports regarding a potential European deal structure. ByteDance dismissed the proposal as a total fabrication.
