Murdochs, Burned on MySpace, Seek Return to Social With TikTok

A Fox Corp. investment in TikTok would give the Murdoch media empire a platform with 170 million US users to promote a broad range of TV programming — from the NFL to The Simpsons — and a chance to redeem the family’s catastrophic purchase of MySpace 20 years ago.

Fox is considering making an investment in TikTok as part of a group that includes Oracle Corp., Andreessen Horowitz and Silver Lake Management in a deal orchestrated by the US government, Bloomberg News reported. President Donald Trump said Sunday that Fox Chief Executive Officer Lachlan Murdoch and his father Rupert would have a role in the business.