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Speaking to the Pivot podcast, Google (GOOG +2.1%, GOOGL +1.8%) CEO Sundar Pichai says the company is not interested in buying TikTok (BDNCE).
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Alphabet was reported last week to have kicked at least a few of the tires on the fast-rising social media business (but then who in big American tech hasn’t by now?).
The company would reportedly have gone in on a minority stake as part of a consortium of firms.
That takes a big potential rival out of the running for Oracle (ORCL +1.7%) and Microsoft (MSFT +1.4%), both of which are said to be in relatively advanced considerations for a deal.
Earlier it was reported that SoftBank (SFTBY +2.8%) was considering a way to get into the deal.
WWD sources say Amazon (AMZN +2.6%) is moving forward with plans for a luxury platform, and the first international brands starting to launch in September.
Rumors have longed swirled that Amazon had luxury ambitions, hampered by the number of counterfeits on its e-commerce platform.
Earlier this year, Amazon the Counterfeit Crimes Unit, which included a global team of former federal prosecutors, experienced investigators, and data analysts.
Amazon also joined Valentino in a lawsuit against a counterfeiter who had been banned from selling on the site.
Five months after CEO Marc Benioff pledged there would be no significant layoffs for 90 days, WSJ sources say Salesforce (CRM +25.3%) plans to cut 1,000 jobs.
Salesforce has about 54,000 employees.
The workers were told they have 60 days to find new positions within the company.
The news comes after Salesforce shares hit an all-time record high following a strong earnings report with revenue topping $5B for the first time and a raised full-year outlook.
Now SoftBank (SFTBY +1.9%) is the latest to eyeball a way in to a potential deal for the U.S. operations of TikTok, The Information reports.
That comes ahead of approaching deadlines set by the Trump administration for TikTok owner ByteDance (BDNCE) to get clear of its U.S. interests.
Recent focus has been on the approach of investment firms General Atlantic and Sequoia Capital to get in on a deal via Oracle (ORCL +1.7%), and the pole-position talks from Microsoft (MSFT +1.6%) to take over the business.
Bloomberg sources say Apple (AAPL +0.6%) will add AR content to its streaming video service to attract subscribers and promote interest in AR tech.
In the feature, certain characters or objects from an Apple TV+ show would be displayed on the viewer’s mobile device and integrated into the real-world environment.
The optional bonus content would be available through the iPhone and iPad TV+ app.
The feature will debut next year, ahead of the mixed AR/VR headset that Bloomberg previously reported will likely release in 2022. AR-only glasses could debut as early as 2023.
AR is the latest way Apple is looking to diversify in a crowded streaming market, following original podcast deals and developing subscription bundles.
Apple recently debuted its first TV+ bundle featuring CBS All Access and Showtime.
The tech giant has been on an AR/VR acquisition spree, including yesterday’s confirmed purchase of VR firm Spaces.
