Tiktok US ownership deal: Donald Trump says Larry Ellison, Lachlan Murdoch, Michael Dell involved — what we know
The United States President Donald Trump announced on September 21, Tiktok’s agreement in the country, according to the Reuters report, as investors will see the participation of technology billionaires Larry Ellison and Michael Dell and Media owner Lachlan Murdorch.
According to Donald Trump, the United States and China made an agreement that allows the Tiktok parent bandans to sell the American unit to the US owners according to the government’s necessity.
Ellison, Dell and Murdoch with names such as the list, the proposed agreement passes Donald Trump’s corporate friends were set to win the big said. Tiktok in the United States has more than 170 million users who are active in political and cultural debates.
US-Titok agreement: ‘American Patriots will do a good job’ says Trump
Within the scope of the expected agreement, Tiktok’s US assets would belong to the majority of American investors and referring to a White House official on September 20, and operating in the United States by a board of directors with national security and cyber security identity information.
The current shareholders of Bytterance include Susquehanna International Group, General Atlantic and KKR. Authorized, Baytan Tiktok’un US operations that control a joint venture stock will have less than 20 percent, he added.
Donald Trump praised the group in the interview with the Fox News’ The Sunday Briefing ”program and called them leading people and“ American Patriots .. “I think they’re going to do a really good job, Tr Trump said to Tiktok in the 2024 presidential elections.
Dell, Ellison and Murdoch: Who?
- Lachlan Murdoch is the CEO of FOX Corp, and recently, after entering the legal war with his brothers, he provided long -term control of the media empire of his family, including Fox News and The Wall Street Journal. Trump, 94 -year -old Rupert Murdoch, 94 -year -old Rupert Murdoch said that the agreement also participated.
Any investment in Tiktok would come from Fox Corp, two people who knew the subject told Reuters. These sources said that Murdochs will not invest as individuals and that Wall Street Journal and New York Post’s parent company News Corp said.
In the report, Rupert and Lachlan Murdoch are known for their conservative views, and news organizations attract right -leaning viewers, but from time to time Donald Trump’s anger.
Donald Trump sued Wall Street Journal and Rupert Murdoch in July, Trump’s late financier and convicted sex criminal Jeffrey Epstein signed 2003’s birthday greeting and a common drawing and shared secrets. He defended the newspaper report and promised to fight against the case.
- Larry Ellison is the founding partner of Oracle, and a great republican donor has long been linked to a potential Tiktok agreement.
- Michael Dell is the CEO of Dell Technologies. Dell did not respond immediately to the request for comment.
‘Trump management makes’ unusual ‘interventions in businesses’
The Trump administration refused to implement the 2024 US law, which required the disposal of Tiktok by January 2025 during the Joe Biden administration. Donald Trump included negotiations on the application as part of extensive economic negotiations with China.
The Trump administration made an unusual intervention in US affairs, including allowing 10 percent of Intel Corp to sell H20 chips to China in exchange for 15 percent of AI Chip Giant Nvidia.
Donald Trump argued that these moves benefit from US interests. Critics, including some business leaders and republican deputies, called interventions as a definite separation from the norms of American capitalism, and according to the report, the US economy said they were at risk of damaging the competitiveness.
(With inputs from Reuters)
