Tech giant Oracle will spearhead U.S. oversight of the algorithm and security underlying TikTok’s popular video platform under the terms of a deal laid out this week by President Donald Trump’s administration. All the final details still need to be nailed down among several joint venture partners that will include Oracle, investment firm Silver Lake Partners and possibly two billionaires — media mogul Rupert Murdoch and personal computer pioneer Michael Dell. . Although he no longer runs Oracle as its CEO, company co-founder Larry Ellison remains a top executive while also overseeing an estimated personal fortune of $390 billion. Ellison, 81, now could be in line to become a behind-the-scenes power player in the media, having already helped finance Skydance’s recently completed $8 billion merger with Paramount, a deal engineered by his son, David. The U.S. administration would not have a stake in the joint venture nor be part of its board, according to a senior White House official.  Oracle will manage TikTok algorithm for US users under Trump deal | AP News