Trump’s administration was talking about a possible Tiktok deal this weekend, with President Donald Trump saying Fox News on Sunday that Rupert Murdoch and his son Lachlan would “probably” participate.
“A man called Lachlan is involved,” Said Trump. “Lachlan Murdoch… Rupert [Murdoch] It will probably be in the team, I think it will be in the team. ”
The president also said that Oracle Executive Larry Ellison and Dell Technologies Michael Dell is likely to participate.
While Trump did not clarify if he was talking about personal or corporate investment after his comments, The deadline reported that Fox Corp – The owner of Fox News, led by CEO Lachlan Murdoch, and Long led by President Rupert President – is actually in talks to join the Tiktok’s US Spinoff American Spinoff by owner Bytedance.
White Secretary of White House Karoline Leavitt previously appeared at Fox News on Saturday and said an agreement had been reached – but not signed – to see Tiktok’s US companies escape the majority of US ownership.
Leavitt said the Americans would carry out six of seven positions of the Board of Directors at the Restructured Tiktok and the short -forming video algorithm will be checked by the US, According to Bloomberg.
“So all of these details have already been agreed. Now we just need this deal to sign and this will happen, I am waiting, in the coming days,” Leavitt said.
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Bloomberg also said a White House official said new investors in Tiktok would include Oracle, Andreessen Horowitz and private stock company Silver Lake Management, with Oracle responsible for the security and security of the application. ByTedance will reportedly have less than 20% of the Office company.
A federal bill passed last year was overturned to ban Tiktok in January, shortly before Trump returned to the office, and the application went for a while dark in the United States. But Trump has repeatedly expanded the deadline for ByTedance to sell the application to new owners. Said Friday that China’s president Xi Jinping had approved the agreementand tiktok too issued a statement Thanking Xi and Trump “for their efforts to keep Tiktok in the United States”.
“ByTedance will operate in accordance with applicable laws to ensure that Tiktok remains available to American users through the Tiktok US,” the company said.
This post and title have been updated with Trump’s comments about Rupert and Lachlan Murdoch.
