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Who are the Murdochs?
The Murdochs refer to Rupert Murdoch and his son Lachlan Murdoch, who are prominent media moguls. Rupert Murdoch is the founder of News Corp, which owns major outlets like Fox News and The Wall Street Journal. Lachlan Murdoch is the current CEO of Fox Corporation. Their involvement in the TikTok deal marks a significant shift into the tech and social media space.
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Why are the Murdochs investing in TikTok?
The Murdochs are part of a U.S. investor group aiming to acquire TikTok's American operations. This move aligns with their broader business interests and the strategic push to have American ownership and control over TikTok, especially amid ongoing concerns about data security and national security.
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What does U.S. ownership mean for TikTok users and data security?
U.S. ownership aims to ensure that TikTok's data and algorithms are controlled within America, reducing concerns about Chinese government access. Oracle, a U.S.-based company, is responsible for data security, which is intended to protect user information and comply with U.S. regulations.
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How does this deal impact the future of social media in America?
This deal could set a precedent for increased U.S. control over foreign-owned social media platforms. It reflects a broader trend of national security concerns influencing tech business deals and may lead to more U.S.-based ownership of major social media apps.
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Who else is involved in the TikTok U.S. deal and what are their roles?
Besides the Murdochs, the investor group includes Oracle, Andreessen Horowitz, Silver Lake, and other American business leaders. Oracle is tasked with data security, while the other investors bring financial backing and strategic oversight to ensure TikTok remains operational in the U.S. under American control.
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When will the TikTok U.S. deal be finalized?
The negotiations are ongoing, with a deadline set for December 16, 2025. The deal aims to finalize the transfer of ownership and control, ensuring TikTok's continued operation in the U.S. under new management.