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President Donald Trump has signed an executive order that essentially approves the sale of TikTok\u2019s U.S. operations to an American investor group in order to keep the social media app operational in the country. Vice President JD Vance said that the deal would value TikTok US at \u201caround $14 billion.\u201d<\/p>\n
TikTok was required to divest its American business or be banned in the U.S. via a national security law originally signed by former president Joe Biden. Trump\u2019s executive order essentially bars the attorney general or Department of Justice from enforcing that law for 120 days while the divestiture plan presented to the president is executed.<\/p>\n
TikTok\u2019s owner ByteDance has not yet publicly acknowledged the deal or executive order, but did, on September 19, issue a statement that \u201cit will work in accordance with applicable laws to ensure TikTok remains available to American users through TikTok U.S.\u201d<\/p>\n
Trump said China\u2019s president Xi Jinping spoke to him and gave him approval.<\/p>\n
\u201cI spoke with President Xi; we had a good talk,\u201d Trump said\u00a0during a briefing with reporters. \u201cI told him what we were doing, and he said, \u2018Go ahead with it.\u201d<\/p>\n
The order states that TikTok\u2019 U.S. operations will establish a new board of directors, and that the app\u2019s recommendation algorithm, source code, and content moderation system in the US will be transferred to the control of its new owners. Under the deal\u2019s terms, Oracle will oversee the app\u2019s security operations and provide computing services\u00a0for TikTok US.<\/p>\n
\u201cIt\u2019s owned by Americans, and very sophisticated Americans,\u201d Trump said during the briefing. \u201cThis is going to be American operated all the way.\u201d<\/p>\n
Techcrunch event<\/p>\n
\n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> Trump said that Oracle would be among the U.S. investors in TikTok US but did not disclose the full list of new owners. CNBC reports that Oracle, Silver Lake, and Abu Dhabi-based MGX will get a 45% stake in TikTok\u2019s US company.<\/p>\n \u201cThis deal really does mean Americans can use TikTok but actually use it with more confidence than they had in the past because their data is secure and it won\u2019t be used as a propaganda weapon like it has in the past,\u201d Vance said.<\/p>\n During the briefing, Trump stated that \u201cevery group, every philosophy, every policy will be treated fairly\u201d after being asked if the algorithm would show MAGA-related content following the deal.<\/p>\n Trump last week signed an executive order that extended ByteDance\u2019s deadline to divest TikTok\u2019s U.S. operations or be banned. This marked the fourth time that Trump extended the deadline.<\/p>\n Trump initiated the push to ban TikTok in 2020, and the idea later received bipartisan backing during Biden\u2019s administration.<\/p>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 27-29, 2025<\/span>\n\t\t\t\t\t\t\t<\/p>\n