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What happened
During an interview on Fox News, President Donald Trump suggested that Rupert and Lachlan Murdoch are likely to be involved in a potential acquisition of TikTok in the United States. This statement comes as the Trump administration has been working on a deal to address national security concerns surrounding the Chinese-owned social media platform. Trump mentioned that prominent figures, including the Murdochs, would be part of the investment group, emphasizing their commitment to the country. The administration has faced challenges in finalizing the deal, which aims to ensure that TikTok is majority-owned by Americans. White House press secretary Karoline Leavitt confirmed that six Americans would sit on TikTok's board, with data privacy managed by Oracle. The deal's details remain uncertain, but it highlights the ongoing geopolitical tensions between the US and China over technology and data control.
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Key insights
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Murdochs' Potential Role
Trump suggests the Murdochs may lead TikTok's US acquisition.
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2
National Security Concerns
The deal aims to address US concerns over data privacy.
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3
Board Composition
Six Americans will sit on TikTok's board under the proposed deal.
Takeaways
The involvement of the Murdochs in the TikTok deal underscores the intersection of media, politics, and technology in the US.