Trump Names Larry Ellison, Michael Dell, and Murdochs in TikTok Deal Consortium

Tech and media titans set to play key roles in TikTok’s U.S. operations as Oracle leads data oversight and Fox Corp. eyes digital expansion

Former U.S. President Donald Trump has revealed that several high-profile figures—including Oracle co-founder Larry Ellison, Dell Technologies CEO Michael Dell, and Fox Corp. executives Rupert and Lachlan Murdoch—will be part of the consortium negotiating the takeover of TikTok’s U.S. operations and its algorithm.

Speaking on Fox News’ Sunday Briefing, Trump described the group as “very well-known people,” highlighting Ellison’s involvement as “a great guy,” and confirming that both Michael Dell and Lachlan Murdoch would play significant roles. He added that Rupert Murdoch, founder of Fox Corp., is “probably going to be in the group” as well.

Boost for Fox Corp. and Strategic Digital Moves

While Lachlan and Rupert Murdoch would not invest as individuals, their participation could potentially bring Fox Corp. into the consortium. For Fox, which has increasingly focused on digital ventures to offset slowing growth in traditional television, the move could mark a substantial expansion in digital media influence.

Michael Dell’s involvement underscores the deal’s strong ties to U.S. technology leadership. Dell Technologies remains one of the world’s largest computer manufacturers and enterprise technology providers.

Oracle’s Role in Data Security

Oracle, Ellison’s company, has hosted TikTok’s U.S. user data since 2020 and is expected to lead data and privacy management under the agreement. According to White House Press Secretary Karoline Leavitt, TikTok’s new governance structure will include seven board members, six of whom must be American, in line with the 2024 Congressional bill mandating that 80% of TikTok’s assets be sold to American investors or face a nationwide ban.

Ellison’s Oracle, along with investment firms Silver Lake and Andreessen Horowitz, had previously been identified as key players in the deal. Trump’s announcement signals a reshaping of the investor group to include some of the most influential names in technology and media.

Progress in U.S.–China Negotiations

Trump also revealed that he had a “very productive call” with Chinese President Xi Jinping on Friday, signaling progress toward finalizing the deal. The outcome will determine TikTok’s ability to continue operating in the United States amid heightened scrutiny over data security and national security concerns.

The participation of Ellison, Dell, and the Murdochs reflects a broader push by American investors to secure control over TikTok’s U.S. business and ensure compliance with stringent regulatory requirements—while shaping the future of one of the world’s most influential social media platforms.