The Trump administration is pushing for the sale of TikTok’s American operations to comply with a law requiring the app’s Chinese owner to divest or face a ban on the platform in the US. The legislation was passed in the wake of concerns that TikTok accesses personal information on Americans.
A potential tie-in with the popular TikTok service will help Fox reach young audiences in new ways, exposing them to everything from broadcast TV shows to streaming businesses like the ad-supported Tubi and Fox One, a paid online platform.
The details of Fox’s proposed TikTok investment aren’t known. A spokesperson for the company declined to comment. TikTok is owned by ByteDance Ltd.
Rupert Murdoch retired as chairman of both companies in 2023, but has still been involved in major decisions. A news hound who has long played an active role in shaping political fortunes from the UK to his native Australia, Murdoch would potentially gain a voice at an influential social media company, popular with people who don’t subscribe to conventional pay TV or printed publications.
The Murdochs recently restructured a family trust to give Lachlan Murdoch control of their empire.
