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Fox Corp. In Talks To Join TikTok Investor Group
Fox is in talks to join an investor group poised to acquire TikTok’s U.S. operations.
Fox is in talks to join an investor group poised to acquire TikTok ’s U.S. operations, sources familiar with the situation told Deadline. On Saturday, White House press secretary Karoline Leavitt said the U.S. will control the algorithm behind the hugely popular social video app. In a readout from state-run news agency Xinhua, China said its “position on the TikTok issue is clear: the Chinese government respects the will of companies and is pleased to see companies conduct business negotiations on the basis of market rules and reach solutions that comply with Chinese laws and regulations and balance interests,” according to a translation on CNBC.
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