Prominent U.S. Investors Poised to Acquire TikTok's American Operations
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A consortium including Larry Ellison, Michael Dell, and the Murdoch family is set to take control of TikTok's U.S. operations, pending finalization of a deal with ByteDance.
A group of prominent American investors is preparing to acquire TikTok's U.S. operations from its Chinese parent company, ByteDance. The consortium includes Oracle co-founder Larry Ellison, Dell Technologies CEO Michael Dell, and media moguls Rupert and Lachlan Murdoch.
President Donald Trump confirmed their involvement, describing them as "very prominent people" and "American patriots." The proposed deal aims to address national security concerns by placing TikTok under majority U.S. control. Under the agreement, ByteDance would retain less than 20% ownership, with a seven-member board comprising six Americans and one ByteDance representative.
Oracle is expected to oversee TikTok's U.S. data and security infrastructure. The deal follows legislation passed in 2024 requiring ByteDance to divest its U.S. operations or face a ban. The deadline for compliance has been extended multiple times, with the current target set for December 16, 2025.
The involvement of the Murdoch family, known for their conservative media holdings, has raised questions about potential shifts in TikTok's content moderation and political influence. The deal's finalization is pending, with ongoing negotiations between U.S. and Chinese officials.
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