US EditionTrump signs executive order approving TikTok U.S. deal, valued at $14 billion
The executive order enables U.S. investors to control 80% of TikTok, addressing national security concerns and protecting data for 170 million American users, officials said.
- 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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503 Articles
Trump signs executive order approving takeover of TikTok by US investment consortium
The Trump White House issued an executive order on Thursday called, “Saving TikTok While Protecting National Security,” that approves the framework for a deal to place the Chinese-based social media platform under more than 80 percent US corporate ownership.
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LifeSiteNewsTrump approves deal for majority-American control of controversial app TikTok
From LifeSiteNews By Calvin Freiburger A new majority-American joint venture will control most of TikTok in the United States, with China-linked ByteDance retaining under 20 percent. President Donald Trump signed an executive order on Thursday approving a deal to place social video platform TikTok under predominantly American control, though questions remain as to whether the arrangement severs enough of the app’s ties to the Chinese government …
The agreement on TikTok marks a historic turn: the US adds to China’s and Russia’s vision of a fragmented network and different rules for each country The history of the Internet is not closed. The network’s map seems stabilized since the first wave of submarine cables woven an interconnected global space, but the reality is that the tectonic plates of the digital world never stopped moving. For years, the forces trying to separate them have int…
The TikTok deal raises more questions than answers
Following months of delays, President Donald Trump has signed an executive order that's supposed to "save" TikTok. Trump claims the deal will make the app "American-operated," fulfilling the divest-or-ban law that threatened the China-owned app's presence in the US. But the Trump administration didn't reveal any information about who will own TikTok's US operations, or how much they'll own. And questions remain about whether the new agreement - …
Trump signs order declaring TikTok sale ready and values it at $14bn
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 some analyst estimates. Trump on Thursday delayed until January 20 enforcement of…
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