Trump names investor group in TikTok deal
Lachlan Murdoch, Larry Ellison and Michael Dell were named by President Trump as three business leaders involved in a proposal to keep TikTok operating in the United States.
The president said the US and China had made progress on a deal requiring TikTok’s American assets to be transferred to American owners from China’s ByteDance.
Lachlan Murdoch’s father, Rupert Murdoch, may also be involved in the deal, Trump told Fox News. Lachlan Murdoch is chair of News Corp, which owns The Times and the Wall Street Journal, and executive chair of Fox News. Rupert Murdoch is chairman emeritus of News Corp. Ellison is the co-founder of Oracle Corporation, the software and cloud computing group, while Dell is the chief executive of Dell Technologies, the computer hardware and software group.
Trump said the group were prominent people and “American patriots”, and added: “I think they’re going to do a really good job.”
The Biden administration passed legislation requiring the US arm of TikTok to be divested on the grounds that data on 170 million American users could be accessed by Beijing. Enforcement of that law has been delayed pending a deal. A White House official said on Saturday that ByteDance would be allowed to nominate one of seven directors of the demerged US operation as part of an agreement with Beijing.
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