Murdochs likely to be involved in US TikTok deal, Trump says
Summary
President Donald Trump mentioned that Rupert Murdoch and his son Lachlan might be part of a group of investors trying to buy TikTok's US operations to ensure the app can continue operating in America. This move comes after a law passed in April 2024, which requires TikTok's Chinese owner, ByteDance, to sell its US arm to avoid a ban due to data privacy concerns. Other potential US investors include Oracle's Larry Ellison and Dell's Michael Dell.Key Facts
- President Trump said Rupert Murdoch and his son Lachlan could be involved in buying TikTok's US operations.
- The deal aims to keep TikTok running in the US amid concerns about China's access to user data.
- A law requiring TikTok's sale was passed due to potential data privacy risks for American users.
- Other investors might include Oracle chairman Larry Ellison and Dell founder Michael Dell.
- The White House press statement indicated that a deal might be close, with Oracle leading data and privacy efforts.
- Fox Corp, linked to the Murdochs, might be involved rather than personal investments from them.
- China has acknowledged ongoing negotiations but has not confirmed any agreement yet.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.