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September 25, 2025 • 18 mins

President Donald Trump is orchestrating a deal to transfer TikTok's U.S. operations from Chinese control to a consortium of American investors, with several of his closest billionaire allies and major tech firms poised to take majority control of the platform. The White House has confirmed Trump will sign an executive order on Thursday finalizing the arrangement that keeps TikTok operational for its 170 million American users.

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Episode Transcript

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(00:01):
Hey everybody, welcome back to the Elon Musk Podcast.
This is a show where we discuss the critical crossroads, The
Shape, SpaceX, Tesla X, The Boring Company and Neurolink.
I'm your host Will Walden. President Donald Trump is
orchestrating a deal to transferTik Tok's US operations from
Chinese control to a consortium of American investors, with

(00:25):
several of his closest billionaire allies and major
tech firms poised to take majority control of the
platform. Now, the White House has
confirmed Trump will sign an executive order on Thursday
finalizing the arrangement that keeps TikTok operational for its
170 million American users. Now, this agreement creates a

(00:46):
new US joint venture where American investors will control
approximately 80% of social media Tik Toks US operations and
Bytedance, its parent company, retains less than 20% ownership
to comply with the 2024 law requiring divestment from
Chinese control. Now, the new entity will be

(01:08):
governed by a board of directorswith six American seats in one
bike dance representative, with Oracle serving as the trusted
security provider for all US user data.
Now we have to talk about the people that are involved with
this because this story is pretty wild.

(01:30):
Larry Ellison, this guy. Oracle's executive chairman
Larry Ellison stands as the central figure in the
acquisition, with Trump explicitly endorsing his
involvement from the beginning. Trump's good friend, billionaire
Larry Ellison buying a media company that will support Donald

(01:51):
Trump. Ellison he became the world's
richest person earlier this yearover.
Elon Musk has been a long time trump friend and ally, and was
reportedly involved in discussions about overturning
the 2020 election results. Oracle will continue its
existing role as Tik Tok's cloudservice provider while gaining
an ownership stake in controlling the platform's

(02:13):
algorithm and security infrastructure.
Think about that. Somebody who has close ties with
Donald Trump, very close ties incharge of exactly what you're
going to see on TikTok. They are controlling the
platform's algorithm and also the security infrastructure.

(02:35):
They're going to have all of your data, all of your TikTok
data. And some people might think,
whatever, it's not a big deal. It's just TikTok or silly
videos. And I watch cat videos on there
and I watch people do insane things, skateboarding and
snowboarding and people doing stunts and funny things.
They have all of your data. They they don't just have your
data for your login and the videos that you watch.

(02:58):
They have your exact location, your location, services.
If they're not turned off, they'll know exactly where you
are at all times. So it's an easy way for the US
government to spy on you throughLarry Ellison.
I'm not tin foil hatting you. I'm just telling you that's what
could happen. We know.
And it doesn't matter what side you're on, if you're on the left
or if you're on the right. This is a really sketchy thing.

(03:21):
If the government's best buddy, the the president's best buddy,
Larry Ellison over here, his company has control over what
you see on your feed, guess whatyou're going to see?
Guess where they're going to lean?
Hopefully they only go straight down the middle and just give

(03:45):
you what you want. That would be great.
Instead of giving you things that maybe you're not into,
maybe they're going to slip somestuff in there for dissent.
I don't know. I don't know.
Think about it. I want to know what you think
about this stuff in the commentson whatever podcast platform
you're listening on right now. Also, Rupert Murdoch and
Lackland Murdoch are expected toparticipate in the deal too,

(04:08):
likely through Fox Corp rather than individual investors.
And we all know how Fox and Trump play well together.
Trump confirmed their involvement on Fox News, stating
that Rupert and his son are bothinvolved, and Rupert is probably
going to be in the group as well.
Now the Murdoch's participation could strengthen Fox Corp's

(04:29):
digital media presence as traditional broadcasting faces
challenges. Think about this.
Another arm of Fox News in your feed.
Do you want that? Is it time for you to give up
TikTok now and move to another platform?
Would you move to YouTube Shorts?
What platform? Go back to Instagram?

(04:53):
I mean, it's up to you, whateveryou want to do.
But we got Larry Ellison, huge Trump supporter.
We got Fox News with Rupert Murdoch and Lachlan Murdoch,
huge Trump supporters. They're in charge of the
algorithm. And if somebody from Fox News is
in charge of that there, of course they can go talk to Larry

(05:16):
Ellison and say, hey, Larry, I want some more Fox News stuff on
everybody's feed. How much do I got to pay you?
And of course, we have Michael Dell, founder of Dell
Technologies. He's been identified by Trump as
part of the investor consortium.Dell's involvement comes through
his connection to Silver Lake, which is a private equity firm
that has significant investmentsin Dell Technologies and is

(05:39):
serving as a major investor in the TikTok deal.
Now, there's also Anderson Horowitz.
A16Z represents Trump's most politically active supporters in
Silicon Valley. This is, it's just Trump's
buddies that are buying TikTok. Of course, I mean, any outside

(05:59):
investors, they probably wouldn't have them, right?
Anderson Horowitz, Mark Andersonand Ben Horowitz donated $2.5
million each to Trump's Super PAC during the 2024 election.
Anderson has spent significant time at Mar A Lago and was
tapped as an economic advisor tohelp recruit staff for Elon

(06:20):
Musk's Doge. All these people are in it
together. No word on Elon though.
When he already has X. He doesn't really need another
social media platform. It's already doing his thing
over there. Silver Lake was one of the
world's largest private equity firms, is confirmed as a major
investor in the consortium as well.
The firm has extensive experience with tech

(06:41):
investments, including previous acquisitions of Dell Computer
and also Skype. Remember that place?
I remember that chat rooms. There's video chat on Skype.
Pretty great place, pretty good app.
It's gone now. Now we have Microsoft Teams,
which is that's a whole other thing.
It's a whole episode on its own.Silver Lake's portfolio includes

(07:03):
companies like Peloton and Klarna positioning as a key
player in the tech investment space.
Now there are also current Byte Dance investors, Jeff Yes and
Susquehanna International Group.They own approximately 15% of
Byte Dance through his firm Susquehanna, making him one of

(07:24):
the biggest stakeholders right now.
And he donated $16,000,000 to Trump's MAGA Inc Super PAC in
2025, representing his largest political contributions ever,
General Atlantic led by Bill Ford.
It's a private equity firm and it holds a substantial stake in
Byte Dance and a board seat as well.
Firm is actively involved in negotiations to increase their

(07:45):
ownership in the new US entity KKR, which is Kohlberg, Kravis
and Roberts. It's a private equity giant,
holds approximately 1.7% of ByteDance and is participating in
the restructuring to avoid capital gains taxes while
maintaining their investments. Now, of course, we have Sequoia
Capital, a prominent venture capital firm, has been a Byte

(08:08):
Dance investor and is expected to participate in this new
structure as well. You know, there was so many
other players in this. We're going to, we just touched
on a few. Coaching.
Management previously led by Philippe Lafont on Byte Dances
board has been considering selling portions of its bike
dance stake, but remains involved in discussions about

(08:30):
the new US entity as well. This is a convergence of Trump's
political relationships with major financial interests.
I believe Trump is going to bankthis.
Something's going to happen. People will of course, take
their investments from from thisinvestment of TikTok and give it

(08:54):
to a super PAC, give it to some of Trump's buddies, give it to
somebody who Trump endorses. So the money that they make from
this investment, of course they're going to just kind of
cycle it through it. It's basically money, money
laundering on a gigantic scale, crony money laundering.

(09:15):
And I like, listen, I'm not trying to be political here.
It's just what it is, OK? Like if you don't, if you don't
agree with the way that I'm saying things, I'm going
straight down the middle here. If it were anybody else, I would
say the same exact thing. I don't care who it is in
office. I don't care what side you're

(09:37):
on. I just don't care.
I am going to tell you how it isyou put the pieces together.
All these people are all of his cronies, all of his buddies,
right? No matter who you are, you got
to look at this objectively. It's Trump and a bunch of his
billionaire friends trying to buy the media that's in your
pocket that you look at all day long on your lunch break before

(10:01):
you get your ride, during your ride, when you're just hanging
out with your friends or family instead of watching TV, you're
on Tiktok because everybody's sointeresting and exciting.
You're wasting your time on Tiktok and now you're going to
be fed a bunch of right wing propaganda through the platform.

(10:22):
If it were left wing, I would say it would be left wing
propaganda. I'm just here to tell you the
truth. Now there are some financial and
political implications for this.This is a convergence of Trump's
relationships. Jeff.
Yes. A $16,000,000 contribution to
Trump's campaign coincided with repeated delays of the TikTok

(10:42):
ban, raising questions about thepolitical donations and also
policy decisions. Similarly, the involvement of
Anderson Horowitz reflects the firm's deep integration into
Trump's admin, the former A16Z employees staffing key
government positions. The transaction creates a unique

(11:03):
situation where some of the wealthiest Americans gain
control of a media platform thatreaches nearly half of the US
population, with potential implications for content
moderation and algorithmic control that extends beyond
traditional business considerations.
And under this new ownership structure, Oracle will

(11:23):
restructure and secure Tik Tok'salgorithm, ensuring that the
recommendation system remains under American oversight.
They have half of the US population in the palm of their
hands. When you have TikTok in your
hands, US users will need to download a new app that

(11:46):
replicates Tik Tok's functionality but operates
entirely on American infrastructure with US
controlled algorithms. All user data will be stored on
Oracle's cloud servers in Texas,with no access from China.
You've got to download a new app.
And of course, you're addicted to TikTok.
More than likely not you in general, not you particularly,

(12:07):
but in general, people are addicted to TikTok.
They love it. I, I watch Tik Tok's, it's cool.
I watch some of them, they're fun.
But when this merger happens, I'm going to keep it and I'm
going to see what happens. You know, when they, when they
do this buyout, I'm going to seewhat happens.
You have to stay objective with everything in your life, not

(12:28):
just TikTok and not just politics.
You know, they're going to continue globally.
Tik Tok's continuing operating globally, meaning US users can
still view content from international creators while
their data remains domestically controlled.
Bytedance will license its tech to the new entity, but loses
operational control over the platform in America.

(12:51):
This agreement satisfies the 2024 bipartisan law requiring
Byte Dance to divest Tik Tok's US operations or face a
nationwide ban. Trump has extended the
enforcement deadline to December16th of 2025, with an additional
120 day extension built into theexecutive order to allow time to

(13:12):
finalize all aspects of the transaction.
So either late this year or fourmonths after that unless he
writes another executive order for 120 day extension.
So it could be sometime late spring, summer next year or

(13:37):
December 16th right before Christmas, which would be great
for some people. You know, they want to get those
that algorithm back in US hands.You know, if if they want to do
this, and I don't know why they would want to keep this going,

(13:58):
this deal going TikTok and bite dance.
Why would they do that? They're going to get a bunch of
money. Yes, they will lose their
platform in America. They could just shut it off.
They have all of our data anyway, right?
They have all your data. They know exactly what you've
looked at a bunch of times. They know all the algorithm

(14:18):
stuff, like what makes you tick.They know they've written a
profile about you. They know everything about you.
So what they could do at this point, because they have all
half of America's data, they could just shut it down if they
wanted to. And it.
The deal requires final approvalfrom Chinese authorities, though
Trump administration officials express confidence that China

(14:40):
has consented to the agreement following discussions between
Trump and Xi Jinping. The framework was negotiated
through talks in Madrid between US and Chinese representatives,
with Treasurer Secretary Scott Besent leading the American
delegation. This represents one of the
largest tech acquisitions in recent years, between 50 and

(15:04):
$100 billion, depending on whether it includes Tik Tok's
proprietary algorithm. It's not going to Tik Tok's not
going to give that away. So they're going to take a
lower, lower payment, keep the algorithm.
But yeah, between 50 and $100 billion, a lot of money.

(15:25):
The deal not only resolves immediate national security
concerns, but also establishes anew model for foreign technology
platforms operating in the United States under American
oversight and control. I want to know what you think.
Do you think it's OK for every person to be involved with this,
to be a good buddies with the president?

(15:51):
It doesn't matter what presidentit is but or who these people
are. But the most powerful people in
America, the most wealthy peoplein America.
This is how it always been though.
Look at look at history. The powerful people, they
control the media. They always have.
Tiktok is the media now. Nobody reads newspapers.
What is a newspaper? Nobody watches TV.

(16:13):
The only the only thing people watch TV for is for live sports.
And all the live sports are moving to streaming anyway.
Nobody does that. So half of the US population use
Tiktok. This is the media now.
Tiktok is the media. How easy is it to make a million

(16:34):
15 second propaganda videos and send them out to everybody?
How easy is it for them to do that?
It's so easy. You can do that so easy and you
can do it. You know, there's so many AI
opportunities there. They can make incredible,

(16:58):
incredible Hollywood movie styleAI created 15 second 22nd 32nd
tik toks and feed them to everybody.
I don't care what side you're on.
I really don't like that I don'tcare just be nice.
That's it just be a nice person don't be a jerk, but it is

(17:21):
weird. Let me know in the comments on
your TikTok. Oh I mean your podcast player.
Let me know what you think because I want to hear from you.
This is a really wild time we'rein right now.
Hey, thank you so much for listening today.
I really do appreciate your support.
If you could take a second and hit the subscribe or the follow

(17:43):
button on whatever podcast platform that you're listening
on right now, I greatly appreciate it.
It helps out the show tremendously and you'll never
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minutes or less to get you caught up quickly.
And please, if you want to support the show even more, go
to Atreoncom Stage Zero. And please take care of

(18:05):
yourselves and each other. And I'll see you tomorrow.
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