Under the known terms of the deal with China, TikTok would get a new board, including Murdochs and Ellisons

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

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.

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

Trump is expected to issue an executive order later this week that declares that the terms of the deal meet security concerns, a White House official says.

Under the known terms of the deal with China, TikTok would get a new board, including Murdochs and Ellisons

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.

TikTok’s future in the US has been in limbo for over year, but Trump says the US and China finally have a deal

Trump is clearing the way for US investors to control a wildly popular platform where millions get their news