Axel Springer Says It Would Have Welcomed a TikTok Europe Role

Axel Springer said it would have welcomed a role in a hypothetical European TikTok restructuring; ByteDance rejected an allegation that Springer proposed a role, and no deal or crypto ad-policy change was announced. The comments came Thursday, Oct. 22. People familiar with the discussions alleged that Axel Springer CEO Mathias Döpfner proposed the publisher take part in a deal involving TikTok’s European operations. Springer’s public response voiced general support for a European solution modeled on the U.S. arrangement, but it did not confirm that specific account.

Source: TokenPost