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.

TikTok will be 80% American-owned, with a board of directors including Dell CEO Michael Dell, Rupert and Lachlan Murdoch, and Oracle co-founder Larry Ellison.

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.

US president says Rupert and Lachlan would join the computer pioneer as well as Oracle’s Larry Ellison in potential deal

President Trump confirms U.S. investors including Larry Ellison, Michael Dell, and the Murdochs will take control of TikTok’s U.S. operations and algorithm under new ownership rules.

Tech and media giants Larry Ellison, Michael Dell and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations,

Trump says Murdoch, Ellison and Dell are among investors set to back a deal shifting TikTok’s US operations away from China’s ByteDance. The move would give Trump allies influence over an app with 170 million American users.

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.