A Fox investment in TikTok would give the Murdoch media empire a platform with 170 million U.S. users to promote a broad range of TV programming — from the NFL to The Simpsons — and a chance to redeem the family’s catastrophic purchase of MySpace 20 years ago.
Fox is considering making an investment in TikTok as part of a group that includes Oracle, Andreessen Horowitz and Silver Lake Management in a deal orchestrated by the U.S. government. U.S. President Donald Trump said Sunday that Fox CEO Lachlan Murdoch and his father Rupert would have a role in the business.
The Trump administration is pushing for the sale of TikTok’s American operations to comply with a law requiring the app’s Chinese owner to divest or face a ban on the platform in the U.S. The legislation was passed in the wake of concerns that TikTok accesses personal information on Americans.
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