USA – Donald Trump said on Sunday that prominent media and tech leaders will join a consortium set to acquire TikTok’s US operations.
Among those on the lineup are:
Oracle founder Larry Ellison
Dell Technologies CEO Michael Dell
Fox Corp. executives Rupert and Lachlan Murdoch
“You know, they’re very well-known people. And Larry Ellison is one of them. He’s involved. He’s a great guy. Michael Dell is involved. I hate to tell you this, but a man named Lachlan is involved,” Trump said on Fox News’ Sunday Briefing, adding that Rupert Murdoch “is probably going to be in the group.”
The plan follows an April 2024 law requiring TikTok’s Chinese parent company, ByteDance, to sell about 80% of its US assets to American investors or face a nationwide ban.
White House press secretary Karoline Leavitt told Fox News that Oracle will oversee US data and privacy with a seven-member board, “six of whom will be American.”
Trump also said he had “a very productive call” with Chinese President Xi Jinping on Friday, signaling progress toward finalizing the deal.
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