"Perhaps the timing of these developments was coincidental, but it didn't appear that way. Indicting Comey and bringing the U.S. arm of TikTok into the MAGA fold seem like part of the same grand project to concentrate media power in Trump's hands, or the hands of his allies, and to rout his perceived enemies. To be sure, the executive order was signed days after Disney pushed back against the White House's pressure campaign and restored Jimmy Kimmel to the air after a brief suspension."
"According to news reports, the potential investors in the TikTok deal include two conservative billionaires-Larry Ellison, the co-founder of Oracle, and Rupert Murdoch, the proprietor of Fox News-and two investment firms with ties to the Administration: Susquehanna, which already owns a stake in TikTok's Chinese parent company, ByteDance; and Andreessen Horowitz. Also said to be involved is MGX, an investment fund backed by the government of the United Arab Emirates"
An executive order titled 'Saving TikTok While Protecting National Security' was signed to facilitate transferring TikTok's U.S. operations to a consortium. The consortium reportedly includes conservative billionaires Larry Ellison and Rupert Murdoch, investment firms Susquehanna and Andreessen Horowitz, and MGX, a fund backed by the United Arab Emirates. Susquehanna already owns a stake in ByteDance, TikTok's Chinese parent company. MGX recently deposited two billion dollars into crypto assets created by World Liberty Financial, a company controlled by the Trump family. Critics view the moves as concentrating media power among Trump allies and sidelining perceived opponents.
Read at The New Yorker
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