Axel Springer open to TikTok Europe deal as ByteDance rejects report

German publisher Axel Springer has expressed his eagerness to be involved in the potential deal involving the operations of Tiktok in Europe. However, contrary to the news, no such deal exists. Tiktok parent company ByteDance claims that the deal is “a total fabrication.” The issue results in a significant question for crypto advertisers: does the change in ownership affect the approval process for ads by TikTok and its dealings with financial content? This is still unclear. What is definite is that any new owner would still have to adhere to regulations that are already in place in Europe. Döpfner’s reported January pitch, and ByteDance’s denial Financial Times reported that Mathias Döpfner, the CEO of Axel Springer, has indicated that they might take part in a TikTok deal in Europe during…

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