Overview

• Trump said Rupert Murdoch and his son Lachlan could be part of the investor group shaping a U.S. deal for TikTok’s American business.
• The White House said the board of the new U.S. company would be dominated by American citizens and signaled an agreement could be reached in the coming days.
• Fox Corporation is considering an investment, while Oracle founder Larry Ellison is involved and Michael Dell is weighing a stake, according to Trump and people familiar with the talks.
• Some major ByteDance investors, including General Atlantic and Susquehanna International Group, plan to remain, and Silver Lake has discussed participating.
• Negotiators aim to reduce Chinese ownership below 20% to comply with federal law, and investors have discussed a multibillion-dollar transaction fee to the U.S. government.