U.S. President Donald Trump announced that Fox CEO Lachlan Murdoch, Oracle co‑founder Larry Ellison and Dell Technologies founder Michael Dell will serve as American investors in TikTok‘s U.S. assets, describing them as accomplished executives with strong national ties.
According to Reuters citing White House officials, the proposed arrangement foresees TikTok‘s U.S. assets being held by American investors and managed by directors with national security and digital security expertise, while ByteDance would retain under 20% ownership in the U.S. joint venture.
The transaction structure is presented as designed to address national‑security concerns; final terms remain subject to regulatory approval and customary due diligence, factors that will shape governance and investor confidence going forward.