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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 an American-led investment group to buy TikTok's U.S. assets, valued at $14 billion.
- The deal aims to separate TikTok's U.S. operations from its Chinese owner, ByteDance.
- American officials have warned that TikTok's algorithm could be manipulated by Chinese authorities.
- Sun Yun, director of the China program at the Stimson Center, commented that a TikTok deal could aid in ongoing trade negotiations with China.
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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 Sources179
Leaning Left37Leaning Right27Center55Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 31%
C 46%
R 23%
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