Trump Approves TikTok Deal With Executive Order, Averting U.S. Ban

President Trump has signed an executive order approving a proposed deal to keep TikTok operating in the United States. According to a new report from CNBC, Vice President JD Vance said the transaction values the business at $14 billion.

The deal reportedly satisfies the requirements of a national security law that requires China-based ByteDance to sell its U.S. operations. The terms, which still need approval from China, would create a new joint-venture company to oversee TikTok's U.S. business, with ByteDance holding less than a 20% stake.

Major investors in the new entity will include Oracle, Silver Lake, and the Abu Dhabi-based MGX investment fund, which will control a combined stake of about 45%. Existing ByteDance investors and new holders are expected to own the remaining 35%.


President Trump said Chinese President Xi Jinping gave the deal the go-ahead, though Vance noted there was some initial resistance. Under the new arrangement, Oracle will oversee the app's security and continue providing cloud computing services for the new TikTok U.S. firm. Trump also confirmed Oracle CEO Larry Ellison is involved in the ownership group.

While the new business is valued at $14 billion, no purchase price was provided. Analysts had previously estimated TikTok's U.S. operations could be worth between $30 billion and $35 billion. ByteDance investors like General Atlantic, Susquehanna, and Sequoia are expected to contribute equity into the new company.

The deal comes after President Trump signed an executive order last week that delayed an effective ban on the app, preventing the Department of Justice from enforcing the national security law until December 16. The law, which was signed by former President Joe Biden and upheld by the Supreme Court, would penalize app store operators like Apple and Google for providing services to TikTok's U.S. operations.

The report also notes that conservative media baron Rupert Murdoch, his son Lachlan Murdoch, and Dell Technologies CEO Michael Dell could also be involved in the deal.


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