Overview

• Trump told Fox News that Lachlan Murdoch, Oracle’s Larry Ellison and Dell founder Michael Dell are part of the investor group he wants to take majority control of TikTok’s U.S. arm.
• He later suggested Rupert Murdoch may also join the consortium and praised the prospective backers as “American patriots.”
• Trump says the structure would shift majority ownership to U.S. investors, preserving access to the app for roughly 170 million users in the United States.
• China has not confirmed any agreement, and key issues including Chinese approval, data safeguards and control of the recommendation algorithm remain unresolved.
• Rather than enforce an outright ban under the 2024 law, the White House has repeatedly extended deadlines, with officials indicating a contract could be signed in the coming days.