Trump names Ellison, Dell, Murdochs in U.S. TikTok takeover team

Trump names Ellison, Dell, and the Murdochs in a plan to take control of TikTok’s U. S. algorithm, with Oracle steering data ￰0￱ on Sunday said a group of well-known tech and media figures, including Larry Ellison, Rupert and Lachlan Murdoch, and Michael Dell, will be part of the team set to take over TikTok’s algorithm as the social media platform’s ￰1￱ change ￰2￱ outlined the names and their roles during an interview on Fox News’ “Sunday Briefing.” “You know, they’re very well-known ￰3￱ Larry Ellison is one of them. He’s involved.

He’s a great ￰4￱ Dell is involved. I hate to tell you this, but a man named Lachlan is involved,” Trump said, referring to Lachlan Murdoch, the CEO of Fox Corp., which owns Fox ￰5￱ added that Rupert Murdoch “is probably going to be in the group.” Talks involving the Murdochs could bring Fox ￰6￱ the investor consortium. However, Lachlan and Rupert Murdoch won’t invest as individuals. A role in the TikTok effort could support Fox Corp.’s push into digital media as parts of its business, including broadcast television, face pressure.

Dell, the chief executive of Dell Technologies, is among the business leaders named in the deal. Trump’s remarks mark a change from the investor slate earlier discussed for the TikTok ￰7￱ administration had previously pointed to Ellison’s Oracle, along with Andreessen Horowitz and Silver Lake, as the key investors tied to the ￰8￱ said Friday that he had “a very productive call” with Chinese President Xi Jinping and that the conversation moved the TikTok talks ￰9￱ described progress toward finalizing the deal but did not share further details on timing. China’s ByteDance will get 1 of 7 board seats for TikTok’s U. S.

operations, official says White House press secretary Karoline Leavitt said on Saturday that the restructured TikTok entity will feature seven board members, and 6 of the board members will be ￰10￱ setup reflects the requirements of a Congress bill in April 2024 that called for a national ban on TikTok in the US unless 80% of the app’s assets were sold to investors in ￰11￱ also said that privacy and data for ￰12￱ will be led by Oracle and that Oracle invest in the platform. Ellison’s company started hosting TikTok’s ￰13￱ in 2020, an arrangement that has been central to the government’s data security aims for the ￰14￱ week’s movement marked a rare step forward after months of talks between the United States and China aimed at easing friction over trade and technology, which has weighed on ￰15￱ said Friday that he and Xi moved forward towards agreement on TikTok during their call and planned to meet in person in six weeks, though Beijing’s public statements have not made clear how far the talks have ￰16￱ is not yet clear whether the arrangement under discussion will satisfy Congress’s requirement for a complete separation under the 2024 ￰17￱ remain over how control of the algorithm will be handled and how the new board’s authority will be defined within the ￰18￱ has given TikTok a lot of credit for helping him win last year’s ￰19￱ his personal account, the president has over 15 million ￰20￱ month, the White House also created an account on TikTok, highlighting the platform’s reach even as officials push for changes in its ￰21￱ the agreement described by the White House official, all data on American users would be stored on ￰22￱ infrastructure run by ￰23￱ matches the hosting setup that began in 2020 and would continue if the ownership plan goes ￰24￱ are racing against the mid-December pause and the January 2025 deadline set by ￰25￱ $50 free to trade crypto when you sign up to Bybit now