"It's going to be real household names," the official added, saying that Trump will sign an executive order certifying that the deal is legal under the law. The agreement requires that all data on American users will be stored on U.S. cloud computing infrastructure run by Oracle. 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. The official added that the valuation of TikTok's U.S. assets will be "many billions of dollars." Trump's executive order will include a new 120-day enforcement pause to allow the investors and ByteDance to close the agreement, the official added.