News Summary

President Donald Trump has signed an executive order enabling the sale of TikTok’s U.S. operations to a group of American investors. This move is aimed at keeping the popular social media app operational in the United States while addressing national security concerns. The proposed deal, valued at approximately $14 billion, involves a consortium led by Oracle, Silver Lake, and Abu Dhabi-based MGX, which will control a 45% stake in TikTok’s U.S. entity. ByteDance, the app’s Chinese owner, will retain a minority stake. The executive order also mandates the transfer of TikTok’s recommendation algorithm, source code, and content moderation system in the U.S. to the new owners. The deal requires final approval from China. President Trump emphasized that the deal would ensure data security and prevent the app from being used as a propaganda tool.