Trump Signs Order to Enable $14B TikTok U.S. Sale

President Donald Trump signed an executive order advancing the sale of TikTok's U.S. operations to a group of mainly American investors, setting a valuation of approximately $14 billion and aiming to ensure the platform's continued availability in the U.S. under a 2024 national security law requiring ByteDance to divest control. The new venture will be U.S.-based, with ByteDance's ownership reduced to less than 20%, and Oracle Corp. will play a key role in securing American users' data and managing the app's recommendation algorithm. Trump stated he had approval from Chinese President Xi Jinping for the deal, though China has not publicly confirmed this. The executive order also temporarily prevents U.S. law enforcement from enforcing a ban on TikTok during the divestiture process, while the full investor group remains undisclosed but includes Oracle, Silver Lake, and Abu Dhabi-based MGX. Officials emphasize the deal serves to protect user data privacy and prevent foreign influence on the app's content. However, regulatory approval in both the U.S. and China is still pending, leaving some uncertainty about the deal's finalization.