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Reading: Trump Names Billionaires as Potential Stakeholders in TikTok Deal
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Finance

Trump Names Billionaires as Potential Stakeholders in TikTok Deal

News Desk
Last updated: September 21, 2025 6:33 pm
News Desk
Published: September 21, 2025
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In a recent interview, President Donald Trump revealed potential key players in a deal aimed at bringing the social video platform TikTok under U.S. control. Notable figures mentioned include media powerhouse Rupert Murdoch and tech entrepreneur Michael Dell, among others. This announcement marks a significant development in the ongoing discussions regarding the app, which has sparked national security concerns due to its Chinese ownership.

Trump painted a picture of a collaborative effort, indicating that these prominent American figures would not only be involved in the TikTok deal but also bring a level of patriotism and commitment to the country. “I think they’re going to be in the group. A couple of others. Really great people, very prominent people,” he stated, implying a robust selection of individuals prepared to manage the popular app effectively.

Additionally, Trump confirmed the involvement of Oracle’s founder and CEO Larry Ellison, a detail previously disclosed. According to White House press secretary Karoline Leavitt, Oracle would take charge of managing TikTok’s data security, ensuring that American interests dominate the governing body, with six of seven proposed board positions allocated for U.S. representatives.

Nonetheless, many specifics surrounding the proposed arrangement remain uncertain. Trump discussed the intricacies of a possible deal with Chinese President Xi Jinping during a prominent phone call, setting a deadline of December 16 for both American and Chinese officials to finalize the agreement, following multiple extensions by the Trump administration.

TikTok, currently owned by Chinese corporation ByteDance, has become a subject of scrutiny due to fears that its algorithm could be manipulated by Chinese authorities. Experts warn that this could enable the government to influence what content users are exposed to in a manner that is undetectable.

Legislative efforts have also been made to launch a ban on TikTok starting in January. However, Trump has delayed such measures multiple times, opting instead to negotiate terms for ByteDance to divest its U.S. operations while keeping the app accessible for American users.

Moreover, Trump has expressed a personal affinity for TikTok, crediting it for bridging the gap with younger voters, a demographic pivotal to his political strategy. Notably, he mentioned that conservative activist Charlie Kirk was instrumental in encouraging his engagement with the platform.

As the situation develops, representatives for Ellison, Dell, and the Murdochs could not be reached for immediate comment, leaving many questions unanswered regarding the structure and implications of the potential TikTok deal.

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