Axel Springer has proposed a deal to buy TikTok's European operations
Axel Springer is interested in the European business of TikTok. Mathias Döpfner proposed his company buy the European TikTok business from the US Ambassador in France. A joint venture between ByteDance and US owners was planned in January to avoid a US ban, with a valuation of $14 billion.
- Media conglomerate Axel Springer is interested in entering the European business of TikTok.
- Mathias Döpfner proposed his company buy the European business of the Chinese app to the US Ambassador in France.
- ByteDance, the Chinese TikTok owner, had an agreement in January for a majority US-owned joint venture.
- The US TikTok valuation in the previous deal was 14 billion dollars.
Outlets: Der Tagesspiegel, Die Presse, ECO, Financial Times, Handelsblatt, La Stampa, Luxembourg Times
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