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Fox Corp.’s Lachlan and Rupert Murdoch might be part of the TikTok deal, Trump says

President Trump has said that Rupert Murdoch and his son Lachlan, the chief executive of Fox, are “probably” going to be involved in the investor group looking to buy TikTok in the US.

In an interview with Fox News that aired on Sunday, Trump suggested that the conservative media magnates would join partners including Oracle and Dell in the proposed US deal for the popular social media app.

The potential investment would reportedly be made by the Fox Corporation, the media giant that operates Fox News and the Fox Network, rather than the Murdochs as individuals.

As noted by The New York Times, the conservative tone of the Murdochs’ media businesses will raise questions about whether TikTok’s new consortium of owners will be able to influence content on the app. Separately, Trump is currently suing Rupert Murdoch over The Wall Street Journal’s Epstein reporting.

In recent weeks, the US and China have been finalizing a deal for a US entity of TikTok separate from its Chinese parent company, ByteDance, following a federal law passed last year forcing the app to divest or be banned (though the deadline for this has been pushed back four times now).

The potential investment would reportedly be made by the Fox Corporation, the media giant that operates Fox News and the Fox Network, rather than the Murdochs as individuals.

As noted by The New York Times, the conservative tone of the Murdochs’ media businesses will raise questions about whether TikTok’s new consortium of owners will be able to influence content on the app. Separately, Trump is currently suing Rupert Murdoch over The Wall Street Journal’s Epstein reporting.

In recent weeks, the US and China have been finalizing a deal for a US entity of TikTok separate from its Chinese parent company, ByteDance, following a federal law passed last year forcing the app to divest or be banned (though the deadline for this has been pushed back four times now).

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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