Tectonic shifts are underway in the media landscape. Trump II, the digital Caligula, struck a deal framework that puts Tic Tok US operations under the ownership of TechGods and private equity underwriters (PEU). Forbes reported on the club deal:
An investor group headlined by Larry Ellison’s Oracle, the private equity Silver Lake and Marc Andreessen's venture capital firm will hold a controlling stake in TikTok’s new U.S. business, the Wall Street Journal reported Tuesday
Reuters reported US based investors will own 80% of the equity with Chinese investors holding the remaining 20%.
TechGod of the first order Larry Ellison is joined by fellow TechGod Marc Andreessen and PEU Silver Lake in the deal.
One need not look far to find harm these people have done in the business world and to society. Andreessen's Synapse imploded after implying customers had FDIC protection and then left them on the hook for $85 million (at last counting).
Social media, birthed by TechGods, has torn apart our social fabric and facilitated direct and significant harm to children. Now these same people are taking over all forms of media.
Semafor reported:
Once-great broadcast networks have long been selling off their stations to private equity-backed operators with antiseptic names like Nexstar and Tegna
Tegna is an affiliate of PEU Apollo Global Management. Nexstar and Sinclair Broadcasting Group are publicly traded companies.
Both Nexstar and Sinclair have courted Tegna. The Federal Communications Commission must approve any merger and provide exceptions to current regulations.
Politicians Red and Blue love PEU and their new TechGod brethren. Increasingly, more are one.
The free speech restricting Red Team will determine who gets what. Rest assured there will be political deal fees for Trump II's hard work. Will they be direct or indirect?
