Washington: US President Donald Trump said Sunday that prominent tech and media leaders including Oracle founder Larry Ellison, Dell Technologies CEO Michael Dell and Fox Corp. executives Rupert and Lachlan Murdoch will join a consortium set to acquire TikTok's US operations.

According to Anadolu Agency, Trump mentioned on Fox News' Sunday Briefing that these are very well-known individuals. Larry Ellison is described as a great guy, and Michael Dell and Lachlan Murdoch are also involved. Trump hinted that Rupert Murdoch might be part of the group as well.

The plan is a response to an April 2024 law requiring TikTok's Chinese parent company, ByteDance, to sell about 80% of its US assets to American investors or face a nationwide ban. White House press secretary Karoline Leavitt informed Fox News that Oracle will oversee US data and privacy with a seven-member board, with six of the members being American.

Trump also noted he had 'a very productive call' with Chinese President Xi Jinping on Friday, indicating progress toward finalizing the deal.