According to BlockBeats, U.S. President Donald Trump announced that Lachlan Murdoch, CEO of FOX and son of media mogul Rupert Murdoch, Oracle co-founder Larry Ellison, and Dell Technologies CEO Michael Dell will be the American investors for TikTok's U.S. assets. Trump described them as outstanding individuals and American patriots, expressing confidence in their capabilities.
Additionally, a report from Reuters, citing White House officials, stated that TikTok's U.S. assets will be controlled by American investors. The board will include individuals with credentials in national and digital security. ByteDance will hold less than a 20% stake in TikTok's U.S. operations.