Overview

• Trump named Rupert and Lachlan Murdoch as potential investors in a U.S.-led TikTok deal, with Fox Corporation reported to be considering an investment.
• Larry Ellison and Michael Dell were also cited by Trump as involved, and Oracle is expected to take a stake while continuing its role in TikTok’s computing infrastructure.
• The White House said the board overseeing the U.S. business would be dominated by American citizens and indicated an agreement could be signed in the coming days.
• The proposed structure would reduce ByteDance’s ownership below 20 percent and place control of governance, data, and the recommendation algorithm in U.S. hands, with one report saying Americans would hold six of seven board seats.
• Some existing ByteDance backers, including General Atlantic and Susquehanna International Group, are expected to remain investors as talks that have stretched for months move toward final terms, with Silver Lake in discussions to join.