On Fox New’s “The Sunday Briefing,” President Trump said Lachlan Murdoch, the chairman of News Corp (NWSA) and CEO of Fox Corp. (FOX) (FOXA), and his father Rupert Murdoch may be joining the team investing in TikTok’s U.S. operations, Jeffrey Trachtenberg and Brian Schwartz. Murdoch privately told executives working on the deal that he wanted to own a small stake if an agreement could be reached, a person with direct knowledge of the matter told the Journal. Additionally, a person familiar with the matter said if there is an investment in TikTok, the investment would take place at Fox Corp.
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