Trump reveals the names of investors involved in the agreement by which Tiktok will be controlled by Americans
Illustrative image of the Tiktok application logo on a smartphone screen, with the US flag and Donald Trump's face. Photo source: – / Images / Profimedia
US President Donald Trump said on Sunday that businessmen Lachlan Murdoch, Larry Ellison and Michael Dell will be involved as American investors in a proposed agreement for Tiktok to continue to operate in the United States. Trump said the US and China have made progress on an agreement that stipulates that American assets of Tiktok be transferred to owners in the United States, instead of staying at the Chinese company Bytedance.
Murdoch, the executive director of Fox Corp, has recently strengthened his long-term control over the family media empire-which includes Fox News and Wall Street Journal-after a multiple years process with his brothers. The Patriarch of the family, Rupert Murdoch, 94 years old, could also be involved in this agreement, Trump added, according to Reuters.
Ellison, co -founder of Oracle and an important Republican donor, has long been associated with a possible tiktok agreement.
Dell is the executive director of Dell Technologies.
Trump praised those mentioned in an interview with the “The Sunday Briefing” program at Fox News, describing them as foreground people and “American patriots”.
“I think they will do a very good job,” Trump said, attributing to the Tiktok application the merit of being helped to strengthen their support among young voters in the 2024 presidential elections.
The Trump administration refused to apply an American law adopted in Biden's mandate, which required Tiktok's sale due to fears that US users' data could be accessed by the Chinese government. Trump included negotiations on the popular social media application, used by 170 million Americans, in the larger economic discussions with China.
Americans will occupy 6 out of 7 seats in Tiktok's Board of Directors and control the application algorithm, the White House announces
An agreement between the United States and China on Tiktok operations in the US provides that Bytedance, the Chinese owner, to designate only one of the seven members of the new Board of Directors, while the Americans will have the other six places, a high -ranking official of the White House said on Saturday.
In an interview with Fox News, Karoline Leavitt said on Saturday, the Americans will have six of the seven places in the Tiktok Board of Directors and that the video application will be controlled in the United States. She added that the final agreement is to be signed in the coming days, according to Bloomberg.
“All these details have already been agreed, it only remains for the agreement to be signed, and this will happen, I estimate, in the coming days,” said Karoline Leavitt.
President Donald Trump and his Chinese counterpart, Xi Jinping, completed the agreement in a telephone call held on Friday.
According to an official of the White House, the new arrangement for Tiktok stipulates that Bytedance to keep less than 20% of the participation, the rest to be owned by new investors, including Oracle Corp., Andreessen Horowitz Fund and the private Equity Silver Lake Management LLC.
Oracle will have the role of security provider for Tiktok and will collaborate with the US Government for monitoring the application, so that the data of US users are stored on the United States, without access from China, the official said.
He added that the agreement will allow US users to continue to use the app in safe conditions.
“The data and confidentiality will be managed by one of the largest technology companies in America, Oracle, and the algorithm will also be controlled by the United States,” said Karoline Leavitt.
