Overview

• In a Fox News interview, President Trump named Rupert and Lachlan Murdoch, Oracle’s Larry Ellison and Dell Technologies CEO Michael Dell as expected participants in the proposed U.S. buyer group.
• Press secretary Karoline Leavitt said Americans would hold six of seven seats on the U.S. board that governs the app and that the recommendation algorithm would be under U.S. control.
• Treasury Secretary Scott Bessent said U.S. and Chinese officials reached a framework for a sale, while key details such as ownership stakes, leadership, price and timing remain unsettled.
• Oracle is expected to manage U.S. user data, and TikTok has roughly 170 million users in the United States.
• Trump extended the enforcement deadline again on Sept. 17, the fourth extension, as negotiations continue and Beijing’s formal approval is still required.