President Trump has been clear about his wish to create a deal with China that ensures Americans can continue enjoying TikTok, and it seems this agreement is near. This development is likely to be welcomed by many teenagers and less so by their parents, considering that TikTok boasts around 170 million users in the US.
During an appearance on Fox News’ The Sunday Show, presented by Peter Doocy, the president shared that “very prominent American people” and “great patriots” would be part of the deal, which will transition TikTok’s operations from China’s ByteDance to a consortium of U.S. companies, including Oracle and the private-equity firm Silver Lake.
Trump hinted at who would spearhead the deal, mentioning to Doocy, “They’re very well-known individuals. Larry Ellison is one of them; he’s a great guy. Michael Dell is also involved.” He also mentioned, “I hate to tell you this, but a man named Lachlan is involved,” referring to Lachlan Murdoch.
According to President Trump, media tycoon Lachlan Murdoch, along with Oracle’s Larry Ellison and Dell’s Michael Dell, are expected to invest in the arrangement to maintain TikTok’s presence in the US, as he told Fox News pic.twitter.com/LuZ1K9NPis
— Reuters (@Reuters) September 22, 2025
President Trump expressed his partiality toward TikTok, saying, “I’m somewhat partial to TikTok because, you know, I did so well with the youth vote.” He previously acknowledged the influence of the late Charlie Kirk in introducing him to the app during the 2024 presidential campaign, recalling, “Charlie was a big proponent of TikTok; he liked it. He suggested, ‘You should use it.’”
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The specifics of the deal are coming into focus, with Oracle taking the lead in securing the data of U.S. users.
As part of the agreement, TikTok’s operations will be relocated into a new joint venture based in the US, with Oracle – co-founded by billionaire Trump supporter Larry Ellison – taking on the role of the app’s security provider.
Existing investors and new American backers like Oracle and private-equity firm Silver Lake will together own about 80% of the company – sinking Chinese parent ByteDance’s stake to less than 20%.
In her Monday briefing, White House Press Secretary Karoline Leavitt offered additional details on what users can expect once the deal is signed.
NOW – Press Secretary Leavitt says TikTok’s algorithm will be “secured” and “retrained;” Trump will sign the deal later this week. pic.twitter.com/EMoDF4Jhzb
— Disclose.tv (@disclosetv) September 22, 2025
Under the terms of this deal, TikTok will be owned by a majority of American investors and controlled by a board of directors with extensive national security and cyber security credentials. In partnership with the U.S. government, Oracle will serve as TikTok’s trusted security advisor, and they will independently monitor the safety and data security of all U.S. user data on TikTok’s platform.
American’s data will be stored securely in the United States without access from China. All U.S. data will be stored on servers operated by Oracle in the United States, protected from surveillance or interference by foreign adversaries.
And the algorithm — I know this is a question many of you have — will be secured, retrained, and operated in the United States, outside of ByteDance’s control. TikTok will remain globally interoperable, meaning TikTok users in the U.S. will be able to see videos posted by users in other countries and vice versa.
Leavitt said while she didn’t have specific numbers on the cost of procuring the deal, the administration estimated that businesses using TikTok would generate as much at $178 billion “in economic activity within the U.S. over the next four years.”
The TikTok deal is expected to be signed later this week.
Editor’s Note:Â The mainstream media continues to deflect, gaslight, spin, and lie about President Trump, his administration, and conservatives.
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