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International Business Times UK
International Business Times UK
World
Mark R

TikTok Tug-of-War: Trump Enlists Media Moguls and Tech Tycoons in Bid to Control App

Trump backs a billionaire consortium including Ellison, Dell and the Murdochs in a multi-billion bid to seize control of TikTok’s US operations. (Credit: AFP News)

US President Donald Trump is enlisting billions from America's most powerful business dynasties to seize control of TikTok's US operations.

In a move that fuses big tech, old media and political muscle, Trump has confirmed that a heavyweight consortium of investors including Oracle's Larry Ellison, Dell Technologies founder Michael Dell, and media moguls Rupert and Lachlan Murdoch is emerging as the leading contender to take charge of the wildly popular social media app.

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