The Trump administration has been talking up a potential TikTok deal this weekend, with President Donald Trump telling Fox News on Sunday that Rupert Murdoch and his son Lachlan are "probably" going to be involved.

The two countries have been working on a way to save TikTok's U.S. business, after the TikTok ban in January over national security concerns.

The White House press secretary said Americans will hold six of seven board seats in the restructured TikTok, and the video app’s algorithm will be U.S.-controlled.

President Donald Trump also said that Larry Ellison and Michael Dell are also likely to be involved in the TikTok deal.

US president tells Fox News ‘a man named Lachlan is involved … that’s a very unusual name, Lachlan Murdoch’

Donald Trump has mentioned that billionaires like Rupert Murdoch and Michael Dell could be part of deal in which the U.S. will take control of TikTok.

With a December 16 deadline looming, the news is the latest twist in a fast-moving potential deal to keep TikTok operating in the US.

The Trump administration has been talking up a potential TikTok deal this weekend, with President Donald Trump telling Fox News on Sunday that Rupert Murdoch and his son Lachlan…

Murdoch will be part of a group of US investors - including Trump allies - trying to take over TikTok's US operations.

Oracle chairman Larry Ellison and Dell founder Michael Dell are also both involved, the president tells Fox News.

President says media mogul expected to be part of consortium alongside Larry Ellison and Michael Dell

Fox is considering making an investment in TikTok as part of a group that includes Oracle, Andreessen Horowitz and Silver Lake Management.