Trump Says Murdochs, Dell Likely Part of Group Buying TikTok in the US

Core Insights - President Trump has extended the deadline for ByteDance to sell TikTok's U.S. operations to mid-December, amid national security concerns [3][7] - A group of prominent figures, including Rupert Murdoch, Lachlan Murdoch, Michael Dell, and Larry Ellison, are reportedly involved in the potential acquisition of TikTok's U.S. operations [2][3][7] - The new U.S. owners of TikTok are expected to lease the algorithm, with Oracle tasked to recreate and secure the recommendation software, ensuring U.S. control over the algorithm [4] Company Involvement - Rupert Murdoch has expressed interest in owning a small stake in TikTok U.S. if a deal is reached, with Fox Corp likely to hold the investment [5] - The consortium of new investors and existing backers is projected to own approximately 80% of the company controlling TikTok's U.S. operations [5] User Base - TikTok has around 170 million users in the U.S., highlighting its significant market presence [3]