Who's Really Behind TikTok's US Future?
Oracle Takes Lead Role
TikTok's US operations are on the verge of a significant transformation. Oracle, a tech giant, is stepping in to take a leading role. They will invest and oversee TikTok's data and algorithms. Oracle's chairman, Larry Ellison, is a close ally of former President Trump.
Rupert Murdoch's Potential Involvement
Rupert Murdoch, a media mogul, might also play a part in this deal. His media empire includes prominent names like Fox News and The Wall Street Journal. Trump has suggested that Murdoch and his son Lachlan could be involved, but details remain unclear.
Michael Dell in the Mix
Michael Dell, founder of Dell Technologies and one of the world's wealthiest individuals, is another name in the mix. Like the others, Dell has been tight-lipped about his role.
Key Investors
Oracle isn't the only player in this deal. Silver Lake, a private equity firm, and MGX, a venture capital firm from Abu Dhabi, are also key investors. MGX is chaired by a member of Abu Dhabi's royal family and has invested in major tech companies like OpenAI.
ByteDance's Investors
ByteDance, TikTok's parent company, has many investors who might also gain a stake in TikTok US. Names like KKR, Sequoia Capital, and SoftBank have been linked to ByteDance in the past. However, none of these companies have confirmed their involvement yet.
Unanswered Questions
This deal is still unfolding, and many questions remain. Who will really be in charge? What will this mean for TikTok's future? Only time will tell.