US EditionTrump signs executive order approving TikTok U.S. deal, valued at $14 billion
- The app will be run by a joint venture with 80% control by American firms, including Oracle and Silver Lake Partners, while ByteDance will retain 20%.
- Mr. Trump stated that this deal will address national security concerns related to data privacy.
- Chinese President Xi Jinping approved the deal, and ByteDance confirmed their willingness to comply, ensuring TikTok can continue operating in the U.S.
282 Articles
282 Articles
Donald Trump Signs Executive Order, TikTok To Shift to US Ownership and Control (Watch Video)
US President Donald Trump highlighted his recent discussions with Chinese President Xi Jinping on September 20, during which the TikTok deal was a key topic. Trump further assured that the app, now to be run by American investors and companies, would address key concerns related to security and safety. Donald Trump Signs Executive Order, TikTok To Shift to US Ownership and Control (Watch Video).
Trump Signs TikTok Deal Giving U.S. Investors Majority Control After Call With Xi - Real News Now
President Donald Trump signed an executive order Thursday approving the transfer of TikTok’s U.S. operations to a consortium of American investors, saying the move followed a “very good talk with President Xi.” Trump, speaking from the Oval Office, said the deal ensures that American investors will hold majority control over the platform, which has long drawn scrutiny for its ties to Beijing-based ByteDance. He is also scheduled to meet Chinese …
Trump signs order declaring TikTok sale ready and values it at $14
WASHINGTON: President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors will address the national security requirements in a 2024 law. The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below
News Wrap: Trump signs order aiming to keep TikTok available
In our news wrap Thursday, President Trump signed an executive order aiming to keep TikTok available in the U.S., investigators revealed the identity and possible motive of the gunman who opened fire on an ICE facility in Dallas and former French president Nicolas Sarkozy was sentenced to five years in prison for criminal conspiracy.
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