Let’s go through what’s happening with TikTok.
A new headline emerged this morning from Axios, which is reporting that multiple Apple sources said that they were interested in TikTok.
“Multiple sources tell Axios that Apple has expressed interest, albeit no sources inside of Apple, and that at least one other strategic has expressed interest,” wrote Axios reporter Dan Primack. “It would be an unusual deal for Apple, given that TikTok is a cross-platform app, and a bigger political headache than Tim Cook may want (both here and in China). But the company certainly has the cash on hand.”
Primack then tweeted that an Apple spokesperson told Axios that “there are no discussions about buying TikTok and that the company isn’t interested.”
This comes after Microsoft, in a blog post Sunday, said that it's looking at buying TikTok's U.S. business after Trump ordered it divested amid concern about data privacy linked to its China-based owners, ByteDance. That followed an investigation by the Committee on Foreign Investment in the United States.
And on Monday night, President Donald Trump stoked international tensions after he demanded that taxpayers receive a "substantial portion" of any sale of the American operations of TikTok, the China-based social media app. The president late last week had ordered it to be sold.
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In response, the state-backed China Daily newspaper said Tuesday that "China will by no means accept the ‘theft’ of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab."
But Jim Cramer said that an Apple-TikTok deal was never in the cards.
Watch the video above for more.
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