Trump Advances $14B TikTok U.S. Sale Plan

President Trump signed an executive order advancing a plan to keep TikTok operating in the U.S. by spinning off its U.S. operations into a new joint venture controlled largely by American investors, a deal White House officials value at about $14 billion that would leave ByteDance with roughly a 20% stake. The administration says Oracle, Silver Lake and Abu Dhabi’s MGX (among others) would take leading roles, with Oracle responsible for securing U.S. user data and the recommendation algorithm. The order specifies that a U.S.-controlled board would govern algorithmic and security decisions and would, officials say, exclude ByteDance representatives from security committees. Trump said he discussed the plan with China’s Xi Jinping and received a go-ahead, but Beijing has not publicly confirmed that approval and the transaction still requires U.S. and Chinese regulatory sign-offs. The order provides temporary relief from enforcement of congressional measures that threatened to ban TikTok while details of governance, investor stakes and oversight are finalized, and officials say further specifics will follow.