Trump signed an executive order approving a $14B TikTok deal with U.S. investors

A new U. S.-controlled company is taking over TikTok’s American business after Donald Trump signed an executive order Thursday approving the ￰0￱ takeover, led by Oracle , gives a group of American and international investors a 45% stake in the video app. ByteDance, the China-based owner of TikTok, will hold less than 20%, avoiding a full ban under a ￰1￱ security law that forces foreign tech companies to divest their ￰2￱ or face ￰3￱ to Vice President JD Vance, the agreement values TikTok at $14 ￰4￱ joint venture must still be approved by China, but Trump claims he already got the green light from Chinese President Xi ￰5￱ ByteDance reps were present during the ￰6￱ has also not publicly confirmed the deal, and there’s been no mention of a final purchase price.

There’s also no sign that China has updated its legal restrictions, which would be required to finalize this ￰7￱ handles security and tech roles As part of the arrangement, Oracle will manage all security operations for TikTok’s ￰8￱ and will continue providing cloud infrastructure for the ￰9￱ said Oracle co-founder Larry Ellison is part of the ownership team and stressed the group is “playing a very big part.” Trump told reporters, “It’s owned by Americans, and very sophisticated ￰10￱ is going to be American operated all the way.” Joining Oracle in the investor group are Silver Lake and Abu Dhabi’s MGX investment fund, which together will own the largest share, 45%, of the new ￰11￱ 35% will be held by a mix of ByteDance’s existing investors and new stakeholders, based on reporting from CNBC’s David ￰12￱ ￰13￱ in ByteDance—General Atlantic, Susquehanna, and Sequoia—are expected to throw in equity toward the new ￰14￱ said, ByteDance itself will not be running the show.

It’s getting pushed far enough away to meet ￰15￱ without completely walking ￰16￱ month, ByteDance was valued at a massive $330 billion, and previous estimates pegged TikTok’s ￰17￱ at anywhere from $30 billion to $35 ￰18￱ government ownership, but more ￰19￱ enter the mix The ￰20￱ is not taking a stake in the ￰21￱ won’t be any “golden share” or special power given to the federal government over TikTok’s American ￰22￱ was confirmed earlier this week by CNBC, which said there’s no federal equity stake involved at all. Meanwhile, Trump said Rupert Murdoch and Lachlan Murdoch might also be backing the TikTok ￰23￱ added that Michael Dell, CEO of Dell Technologies, could be involved ￰24￱ the list of American billionaires tied to this thing is getting ￰25￱ last week, Trump signed an executive order extending the deadline for ByteDance to exit the ￰26￱ order blocks the Department of Justice from punishing tech platforms like Apple, Google, or internet providers for working with TikTok while the transition is ￰27￱ Bybit now and claim a $50 bonus in minutes