Media: Axel Springer likely interested in TikTok's European business
Just recently the German media company acquired the British Telegraph, now the company is reportedly interested in the next acquisition.
Axel Springer is interested in acquiring a stake in TikTok's European business, according to a report. CEO Mathias Döpfner proposed the idea to US Ambassador to France Charles Kushner. The deal would involve ByteDance, the Chinese owner of TikTok, which previously agreed to create a joint venture with a majority US ownership to address security concerns. This move aims to alleviate concerns from US politicians regarding TikTok's Chinese ownership.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
