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Trump signs executive order approving TikTok U.S. deal, valued at $14 billion
- President Donald Trump signed an executive order allowing a consortium of American investors to take control of TikTok, valuing it at around $14 billion.
- The deal requires ByteDance, TikTok's parent company, to divest and ensures that the app is no longer controlled by a foreign entity, as mandated by U.S. law.
- Vice President J.D. Vance stated that the agreement protects American data privacy and includes American investors controlling TikTok's algorithm to prevent foreign propaganda.
- Trump mentioned his conversation with Chinese leader Xi Jinping, who approved the negotiation, allowing the deal to proceed for the app that has 170 million U.S. users.
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With Trump's new regulation, the way is clear for the sale of Tiktok's US business.
·Zürich, Switzerland
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Donald Trump has signed an executive order approving TikTok's US acquisition proposal, with the vice president valuing the company at $14 billion.
Tiktok would have to be off the grid in the US long ago because the app belongs to the China-based Bytedance group, but Donald Trump leaves it online while the US business is being cut off.
Coverage Details
Total News Sources215
Leaning Left45Leaning Right32Center67Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 31%
C 47%
R 22%
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