00:03The TikTok soap opera is back for another season, and this time it's starring some of the biggest names in tech and media, plus a few surprise cameos.
00:12Over the weekend, Donald Trump went on Fox News and casually name-dropped a who's who of potential investors for TikTok's long-running U.S. spinoff.
00:21Among them, Oracle's Larry Ellison, Dell Technologies' Michael Dell, and Plot Twist, media moguls Rupert Murdoch and his son Lachlan.
00:29A man named Lachlan is involved, Trump teased, as if revealing the next Marvel villain.
00:34Rupert is probably going to be in the group.
00:36Trump didn't clarify whether the Murdochs were opening their personal wallets or bringing Fox Corp into the mix.
00:42But Deadline quickly reported that Fox, home of Fox News and run by Lachlan, is indeed in talks to join the investor group.
00:49The goal? Peel off TikTok's U.S. operations from Chinese parent company ByteDance and put them under majority American control.
00:56Americans would control six of seven board seats, and TikTok's algorithm would be U.S. run.
01:03Oracle would oversee security, with Andreessen Horowitz and Silver Lake also expected to invest.
01:09ByteDance would end up with a stake of less than 20%, acceptable to Washington.
01:14This followed months of brinkmanship, including a federal bill threatening to ban TikTok, leading to a temporary blackout in the U.S.
01:20Trump, back in the Oval Office, extended ByteDance's deadline to allow time for negotiations.
01:27He claims President Xi Jinping approves, with TikTok thanking both leaders for preserving TikTok in the United States.
01:34If all goes as planned, the ink could dry in days.
01:38Until then, TikTok's future is a mashup of politics, power plays, and billionaire group chats.
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