Overview

• President Donald Trump named Rupert and Lachlan Murdoch as potential investors as talks advance on separating TikTok’s U.S. operations from ByteDance.
• Oracle is slated to host U.S. user data and handle security functions, with Larry Ellison and Michael Dell cited as participants or prospective investors.
• Reporting describes a U.S.-dominated supervisory board for the platform in the country, with U.S. citizens occupying six of seven seats and control over the recommendation system.
• People familiar with the talks say investors have discussed a multibillion-dollar transaction fee payable to the U.S. government, an uncommon deal feature.
• Diplomatic engagement continues with a Trump–Xi phone call, a U.S. congressional delegation meeting Chinese Premier Li Qiang in Beijing, and Brazil’s President Lula meeting TikTok CEO Shou Zi Chew in New York.