Larry Ellison, Michael Dell and Rupert Murdoch Join Trump-Backed Bid to Take Over TikTok
President Trump confirms a U.S. investor group, including Ellison, Dell and Murdoch, is preparing to acquire TikTok’s American operations from Chinese ownership by December
Larry Ellison, founder of Oracle, is set to join forces with Michael Dell and Rupert Murdoch as part of a powerful U.S. investor group preparing to acquire TikTok’s American operations.
President Donald Trump confirmed their involvement this weekend, framing the deal as a decisive step to remove the platform from Chinese ownership and place it under majority U.S. control.
Under the proposed arrangement, ByteDance would retain less than twenty percent of TikTok, while a new board—with six of seven seats held by U.S. citizens—would oversee the platform.
Oracle, Ellison’s company, will manage TikTok’s American data and security systems to ensure compliance with U.S. national security requirements.
Trump praised the investors as “American patriots” and credited TikTok with helping him energize younger voters in the 2024 election.
The Murdoch family’s participation is expected through Fox Corporation, while Dell will contribute via his private investment ventures.
The deadline to finalize the deal is December sixteen.
Until then, negotiations will address sensitive issues including oversight of TikTok’s recommendation algorithm, long a concern of U.S. lawmakers worried about potential foreign influence.
The transaction marks a defining moment in the wider U.S.-China technology standoff, underscoring Washington’s determination to secure digital platforms it sees as critical to national security while entrusting their stewardship to some of America’s most prominent business leaders.
President Donald Trump confirmed their involvement this weekend, framing the deal as a decisive step to remove the platform from Chinese ownership and place it under majority U.S. control.
Under the proposed arrangement, ByteDance would retain less than twenty percent of TikTok, while a new board—with six of seven seats held by U.S. citizens—would oversee the platform.
Oracle, Ellison’s company, will manage TikTok’s American data and security systems to ensure compliance with U.S. national security requirements.
Trump praised the investors as “American patriots” and credited TikTok with helping him energize younger voters in the 2024 election.
The Murdoch family’s participation is expected through Fox Corporation, while Dell will contribute via his private investment ventures.
The deadline to finalize the deal is December sixteen.
Until then, negotiations will address sensitive issues including oversight of TikTok’s recommendation algorithm, long a concern of U.S. lawmakers worried about potential foreign influence.
The transaction marks a defining moment in the wider U.S.-China technology standoff, underscoring Washington’s determination to secure digital platforms it sees as critical to national security while entrusting their stewardship to some of America’s most prominent business leaders.
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