President Donald Trump said on Fox News that Rupert Murdoch and his son Lachlan are “probably” set to participate in the investor group backing TikTok’s U.S. spinoff. He also named Oracle’s Larry Ellison and Dell’s Michael Dell as likely investors. Reports indicate the deal could also involve Andreessen Horowitz and Silver Lake, with Oracle overseeing app security.
The agreement follows a federal law threatening to ban TikTok in early 2025 unless ByteDance sold its U.S. operations. Trump extended the deadline multiple times, eventually securing approval from China’s President Xi Jinping. TikTok has since confirmed it will continue U.S. operations under the new structure.
According to White House Press Secretary Karoline Leavitt, the restructured TikTok will have a majority American-owned board (six of seven seats), with its algorithm under U.S. control. She said the deal has been agreed upon in principle and is expected to be signed in the coming days.
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