Murdochs Likely to Be Involved in TikTok Deal, Trump Confirms
President Donald Trump revealed on Sunday that Rupert Murdoch and his son Lachlan are likely to be part of a group of investors seeking to acquire TikTok's US operations, alongside tech moguls Larry Ellison and Michael Dell. The proposed deal aims to address concerns over data security and comply with a US law requiring the sale of TikTok's American arm.
According to Trump, who made the comments in a Fox News interview that aired on Sunday, the Murdochs would "probably" be involved in the proposed deal. He also praised Oracle chairman Larry Ellison and Dell founder Michael Dell as "American patriots," stating that he thinks they will "do a really good job."
The proposed acquisition is part of an ongoing effort to address concerns over data security and comply with a US law requiring the sale of TikTok's American arm. The deal would see the social media platform's American operations sold, but it remains unclear what specific terms or conditions have been agreed upon.
According to BBC Business, Trump's comments suggest that a high-profile group is emerging to lead the effort. However, details about the proposed acquisition remain unclear. The Murdochs' involvement in the deal would be significant, given their extensive media holdings and influence in the industry.
The proposed TikTok deal has been months in the making, with negotiations between the US government and Chinese authorities ongoing since June. Trump's comments on Sunday suggest that progress is being made towards a resolution, but it remains to be seen what specific terms or conditions will be agreed upon.
In a statement released earlier this week, Oracle confirmed its interest in acquiring TikTok's US operations, citing concerns over data security and the need for greater transparency. The company has been working closely with the US government to address these concerns and ensure compliance with relevant laws and regulations.
The proposed deal is expected to have significant implications for the social media landscape in the US. With over 100 million active users in the country, TikTok's popularity has raised concerns among lawmakers and regulators about data security and potential national security risks.
As negotiations continue between the US government and Chinese authorities, it remains unclear what specific terms or conditions will be agreed upon. However, one thing is certain: the proposed deal would mark a significant shift in the social media landscape in the US, with far-reaching implications for users, regulators, and industry stakeholders alike.
In conclusion, while details about the proposed acquisition remain unclear, Trump's comments on Sunday suggest that a high-profile group is emerging to lead the effort. The Murdochs' involvement in the deal would be significant, given their extensive media holdings and influence in the industry. As negotiations continue between the US government and Chinese authorities, it remains to be seen what specific terms or conditions will be agreed upon.
Sources:
BBC Technology: "Murdochs likely to be involved in US TikTok deal, Trump says"
BBC Business: "Murdochs to Play Key Role in TikTok Deal, Trump Confirms"
This story was compiled from reports by BBC Technology and BBC Business.
