Murdochs, burned on MySpace, seek return to social with TikTok

Fox is considering investing in Tijook as part of a group that includes Oracle Corp, Andresen Horwitz and Silver Lake Management in a deal organized by the United States government. President Donald Trump said on Sunday that the CEO of Fox Lachlan Murdoch and his father Ruert will have a role in work.

The Trump administration is pushing the American Tiktok operations to comply with a law that requires the Chinese owner to apply to strip or confront a ban on the platform in the United States. The legislation was approved in the wake of fears that Tiktok reaches personal information about the Americans.

The potential connection with the famous Tiktok service will help access to Fox fans in reaching new fans in new ways, which displays them on everything starting from broadcasting TV programs to broadcasting companies such as Tubi and Fox Ones supported by ads, which is a paid online platform.

RUPERT MURDOCH, founder of both Fox and News Corp, bought MySPace in 2005 for $ 580 million. This work, which was common for musicians looking to promote their music, in the end was unable to keep up with consumers’ tastes and the rise of Facebook. Murdoch sold the company after six years for 35 million dollars.

TIKTOK’s proposed investments details of Fox are unknown. A spokesman for the company refused to comment. Tiktok is owned by bytedance Ltd.

Murdochs controls the print focus and Fox, the father from Fox News and other channels. They have achieved some success with minority investments. FOX has a 2.4 % stake in Flter Entertainment PLC, one of the largest online betting companies in the world. It also has an option to buy a 19 % stake in Fanduel, FLTTER’s Us.

Robert Murdoch retired as the head of both companies in 2023, but he is still involved in the main decisions. One of the news that has long played an active role in shaping political resources from the United Kingdom to his hometown in Australia is likely to gain a voice in an influential social media company, which is popular with people who do not share traditional TV or printed publications.

Murdochs recently restructured the family box to give Lachlan Murdoch control of their empire.

The proposed Tiktok deal comes three years after Elon Musk purchased Twitter and renamed it to the X.