00:00U.S. President Donald Trump has revealed that Lachlan Murdoch, Oracle's Larry Ellison, and Dell's Michael Dell will be involved as American investors in a proposed deal to keep TikTok operating in the United States.
00:15The agreement would transfer TikTok's U.S. assets from China's ByteDance to American investors with majority stake held by U.S. firms.
00:25Trump praised the business figures as American patriots, adding that the deal would secure TikTok's future while boosting his support among young voters.
00:37ByteDance would retain less than 20 percent of the new joint venture, while investments would be channeled through Foxcorp and not directly from the Murdoch family.
00:46Oracle and Dell Technologies are also expected to play major roles.
00:49The proposal comes after the Trump administration declined to enforce a 2024 law requiring TikTok's divestment, instead folding it into broader economic talks with China.
01:01Critics have warned that such interventions mark a radical shift in U.S. capitalism and could hurt competitiveness.
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