Post by : Saif
Al-Najjar
WASHINGTON – U.S. President Donald Trump has signed an executive order approving the sale of TikTok’s U.S. operations to American and global investors. The move is aimed at meeting national security rules under a 2024 U.S. law that requires Chinese-owned apps to sell their U.S. assets or face a ban.
Vice President JD Vance said the deal will value the new U.S. company at around $14 billion. The sale will give American investors full control of TikTok’s U.S. business, including its important recommendation algorithm. This is a major step to ensure that the app continues operating in the United States while protecting user data.
The executive order also delayed enforcement of the law banning TikTok until January 20, giving the new company time to complete the sale, bring in investors, and gain approval from the Chinese government.
Trump said he discussed the plans with Chinese President Xi Jinping, who gave his approval. “I spoke with President Xi. We had a good talk, I told him what we were doing and he said go ahead with it,” Trump said. The Chinese embassy in Washington has not yet commented on the development.
According to Trump and Vance, Michael Dell, founder and CEO of Dell Technologies, Rupert Murdoch, chairman emeritus of Fox Corp, and several other global investors will be part of the new company. TikTok’s U.S. operations will now operate as a joint venture fully under U.S. control, and its recommendation algorithm will be retrained and monitored by security partners.
TikTok has over 170 million users in the United States and has become an important social media platform. Trump credited TikTok with helping him win reelection last year. He personally has 15 million followers on his TikTok account, and the White House launched its official TikTok account last month.
The executive order signals that the U.S. administration wants to ensure that TikTok continues to function while complying with data privacy laws. However, key details of the deal, such as how the algorithm will be fully managed and monitored, still need to be finalized.
TikTok has not yet made an official comment on the executive order, and the timeline for completing the sale will depend on the approval of all parties involved.
Disclaimer:
This article is based on official statements, media reports, and public announcements. Gccnews24 has not independently verified all details.a
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