Overview

• Trump said Lachlan Murdoch, Oracle’s Larry Ellison and Dell founder Michael Dell would join a U.S. investor group he described as “American patriots.”
• The White House said the buyer of TikTok’s U.S. business should be majority led by U.S. citizens and indicated a contract could be signed in the coming days.
• According to reports citing a U.S. official, the plan envisions rebuilding TikTok’s recommendation engine in the United States using ByteDance’s algorithm as a starting point, with Oracle overseeing data security and the software effort alongside the government.
• A U.S. official signaled Trump will grant an additional 120‑day extension and issue an order reflecting his approval of the transaction while legal and technical details and the final investor roster are settled.
• Media accounts describe a new company owned to just over 80% by U.S. investors with ByteDance under 20%, but Chinese sign‑off remains uncertain and TikTok continues to operate in the U.S. under a law requiring divestiture.