I spoke with President Xi,” Trump said. “We had a good talk. I told him what we were doing and he said, ‘Go ahead with it.’”

With the Ellisons (Oracle) and Murdochs (Fox) in the mix, Trump allies are poised to take at least partial control over the app’s recommendation engine.

More than five years after President Donald Trump first signed an executive order on "the threat posed by TikTok," he is set to sign another to announce a deal that would give control of the app's United States operations to a group of investors. Trump is set to sign the executive order on Thursday, September 25.

President Donald Trump said on Sunday that media mogul Lachlan Murdoch and business leaders Larry Ellison and Michael Dell would be involved as U.S. investors in a proposed deal to keep TikTok operating in the United States.

President Donald Trump also namedropped Texas tech titan Michael Dell as a possible member of a group involved in the deal. Oracle Chairman Larry Ellison is part of the group.

President Donald Trump says billionaires like Rupert Murdoch and Michael Dell could be part of deal in which the U.S. will take control of TikTok. Trump discussed the deal on