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Trump says Lachlan and Rupert Murdoch might invest in TikTok deal
The Trump administration has been talking up a potential TikTok deal this weekend, with President Donald Trump telling Fox News on Sunday that Rupert Murdoch and his son Lachlan are "probably" going to be involved.
While Trump did not specify whether he was talking about personal or company investments, following his comments, Deadline reported that Fox Corp — owner of Fox News, run by CEO Lachlan Murdoch, and long led by chairman emeritus Rupert — is in fact in talks to join the investor group backing TikTok’s U.S. spinoff from owner ByteDance. White House Press Secretary Karoline Leavitt previously appeared on Fox News on Saturday and said that an agreement has been reached — but not signed — that would see TikTok’s U.S. operations spun out under majority American ownership. Leavitt said Americans will hold six of seven board seats in the restructured TikTok, and the short-form video app’s algorithm will be U.S.-controlled, according to Bloomberg.
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