Top Trump Ally May Soon Control TikTok and CNN

Neither of these deals have been realized. But I want to flag something on the horizon that is potentially a very big deal. Yesterday, the Wall the Street Journal broke the news that the White House has negotiated a purchase of TikTok by a consortium that includes Oracle, Silver Lake and Andreessen Horowitz. The deal hasn’t been finalized yet. And it’s a whole other issue that you have the White House organizing something like this. The key, for our purposes, is Oracle and the Ellison family. This potentially takes TikTok out of the hands (indirectly) of the Chinese government (though the details there remain to be seen) and places it into the hands of key allies of President Trump. Meanwhile Paramount and CBS are now owned by Skydance, under the nominal rule of David Ellison, son of Oracle kingpin Larry Ellison. And Skydance/Paramount is now making a bid for Warner Bros. Discovery, which owns CNN.