Overview

• President Trump said Lachlan and Rupert Murdoch, Larry Ellison and Michael Dell are likely participants in the investor group seeking control of TikTok’s U.S. operations.
• The Murdochs’ involvement would likely come via Fox Corp., which sources say is in talks to join the consortium rather than through personal stakes.
• The White House says Americans would hold six of seven board seats and the app’s recommendation algorithm would be controlled in the United States.
• Oracle is slated to oversee U.S. data, privacy and security, with reports also naming Andreessen Horowitz and Silver Lake as investors in the group.
• A White House official has indicated ByteDance would retain under 20% of the new U.S. entity, while a recent Trump–Xi call was described as productive as the deal remains a not-yet-signed framework.