President Trump announced a potential deal for TikTok's US operations, involving Oracle, Dell, and reportedly Fox Corp. The agreement, said to be nearing completion, would transfer majority ownership to Americans, with six of seven board seats and algorithm control held domestically. Trump stated that Rupert and Lachlan Murdoch are likely to participate in the investment group. This follows a previous federal bill threatening a TikTok ban and multiple deadline extensions granted by Trump.

Prepared by Lauren Mitchell and reviewed by editorial team.