"Speaking to Fox News on Sunday, Trump said Oracle founder Larry Ellison is one of a group bidding to acquire TikTok USA, confirming remarks his press secretary Karoline Leavitt made the previous day when she said the USA and China have finalized a deal to sell the app, that Ellison is involved, and that the deal will see the app's famously addictive algorithm held by American interests."
"Trump also said "Michael Dell is involved" without offering any further information. A merchant bank called BDT & MSD Partners states that it "has invested on behalf of Dell Technologies Founder Michael Dell, his family, and other like-minded investors" since its founding in 2009. It is unclear if BDT & MSD Partners would handle Dell, the man's, involvement with TikTok, or if this deal has something to do with Dell, the company."
"US law requires TikTok's operator ByteDance to find a US buyer for TikTok's stateside operations, on national security grounds. If TikTok ends up in the US-owned-and-run Oracle cloud, running on infrastructure built by America's Dell using locally sourced parts whenever possible, it would go a long way towards showing the American public that the social network is no longer a security risk."
US President Donald Trump said Michael Dell is part of a consortium intending to acquire TikTok's US operations. Trump confirmed Oracle founder Larry Ellison's involvement and noted Oracle already hosts all US TikTok traffic. Press secretary Karoline Leavitt said the deal would make TikTok's American operation majority US-owned and place US citizens in six of seven board seats. A merchant bank, BDT & MSD Partners, states it "has invested on behalf of Dell Technologies Founder Michael Dell, his family, and other like-minded investors" since 2009, but the exact role remains unclear. US law requires ByteDance to find a US buyer on national security grounds.
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