Lachlan Murdoch is unlikely to participate in the TikTok US deal individually, but Fox Corporation (FOXA), where Lachlan Murdoch is executive chair and CEO, could play a role, CNBC’s Erin Doherty reports. President Donald Trump previously said that Rupert Murdoch and his son Lachlan may be involved in the proposal to save TikTok in the U.S. Trump also said that Oracle (ORCL) executive chairman Larry Ellison and Dell Technologies (DELL) CEO Michael Dell are also likely to be involved in the TikTok deal. President Trump and China’s Xi Jinping agreed to a preliminary framework for the deal on Friday, according to reports. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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