Rupert and Lachlan Murdoch Consider Investing in TikTok US Market

Media mogul Rupert Murdoch and son Lachlan are interested in investing in Tiktok on the American market, says President Donald Trump.

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Rupert and Lachlan Murdoch Consider Investing in TikTok US Market
Photo: Jordan Strauss/AP/TT

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I think they will be part of that group (of investors) with a few other very good and prominent people, says Trump in an interview with Fox News.

Previous reports suggest that Tiktok's operations in the USA will be acquired by a consortium including Oracle, the venture capital firm Andreessen Horowitz and the private equity company Silver Lake Management.

The USA has demanded that Tiktok's Chinese owner Bytedance sell its American social media operations but has on several occasions postponed the deadline. The latest deadline for the Tiktok deal between the USA and China has been extended to December 16.

Recently, the long-standing legal dispute within the Murdoch family was settled regarding how the father's company will be managed after his death. Along with his sisters Grace and Chloe, Lachlan will continue to control Fox.

Rupert Murdoch also owns The Wall Street Journal. Recently, Trump sued both the newspaper and Murdoch for nearly 100 billion kronor for the publication of his alleged letters to Jeffrey Epstein.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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