Trump Confirms Murdochs, U.S. Tech Giants Poised to Take Over TikTok Operations

Trump has confirmed that Murdochs, U.S. Tech Giants is poised to take over TikTok operations.

 

NewsOnline Nigeria reports that the fate of TikTok in the United States may soon be settled, as former President Donald Trump revealed that media moguls Rupert and Lachlan Murdoch could be part of a powerful investor group taking control of the app’s U.S. arm.

In a weekend interview with Fox News, Trump confirmed that Lachlan Murdoch is already “involved” in the deal and suggested his father, Rupert, may also join. He further disclosed that Oracle founder Larry Ellison and Dell Technologies CEO Michael Dell are likely participants.

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While it remains unclear whether the Murdochs’ role will be personal or tied to Fox Corporation—led by Lachlan as CEO—Deadline reported that Fox is in active talks to join the consortium.

Under the restructuring, TikTok would be separated from its Chinese parent company ByteDance and placed under majority American ownership. According to White House Press Secretary Karoline Leavitt, U.S. representatives would hold six of seven board seats, with the app’s prized algorithm managed domestically.

“All of those details have already been agreed upon,” Leavitt said. “Now we just need this deal to be signed, which I anticipate happening in the coming days.”

What We Know So Far

Bloomberg reports that Oracle, venture capital firm Andreessen Horowitz, and private equity giant Silver Lake are lined up as key investors. Oracle is expected to oversee TikTok’s security and data safeguards, while ByteDance would retain less than a 20% stake in the restructured company.

The deal follows a federal law mandating TikTok’s U.S. ban unless ByteDance divests. The app briefly disappeared from the U.S. market earlier this year before Trump extended deadlines for a sale. Adding diplomatic weight, Trump disclosed that he personally spoke with Chinese President Xi Jinping, who signaled approval of the restructuring.

TikTok, in a statement, thanked both leaders “for their efforts to preserve TikTok in the United States,” pledging to comply with U.S. regulations to ensure its availability.

The Backstory

This outcome caps a year-long standoff over TikTok’s ownership. Trump, during his campaign and before his inauguration, repeatedly insisted the app must be majority U.S.-owned to remain operational.

With more than 170 million American users, TikTok has become a cultural juggernaut, particularly among younger audiences. Yet mounting concerns over data privacy and national security drove bipartisan pressure on ByteDance to divest.

At one point, Amazon reportedly tabled a last-minute bid, though it never advanced beyond a letter submitted to Vice President J.D. Vance and Commerce Secretary Howard Lutnick.

If finalized, the deal would mark one of the most consequential reshuffles in global tech, securing TikTok’s future in the U.S. under American control while leaving ByteDance with only a minority stake.