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Trump Says Murdochs to Join TikTok US Investment Group
- On Sunday, President Donald Trump said a TikTok deal involving Lachlan and Rupert Murdoch, Larry Ellison, and Michael Dell is progressing in the U.S.
- The deal follows a bipartisan law effective January 2025 that requires ByteDance Ltd. to divest from TikTok’s U.S. operations to address security concerns.
- The new ownership group includes American investors like Oracle, Andreessen Horowitz, and Silver Lake, with six of seven TikTok board seats held by Americans.
- Trump said, "They're very well-known people," and called them "American patriots" who love the country and will do a "really good job."
- This arrangement implies U.S. control over TikTok’s data and algorithm, aiming to satisfy national security concerns while keeping the app operational in America.
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Murdoch's Fox Corp. could join Trump deal to preserve TikTok in the U.S.
The Trump administration revealed more details over the weekend on a deal to keep TikTok operating in the U.S., after Congress raised security concerns over the popular social video app's ties to China.
·Los Angeles, United States
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Oracle will also oversee the algorithm responsible for the content displayed on the platform.
Oracle, owned by Ellison, would retrain the algorithm "from scratch" after the sale; an operation that would also involve the Murdoch family, owners of Fox News
·Spain
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Coverage Details
Total News Sources347
Leaning Left60Leaning Right36Center141Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 25%
C 60%
15%
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