Donald Trump has signed an executive order approving a $14B TikTok deal that shifts control to US investors, including Oracle, Dell, and Murdoch, with China’s tacit approval.
The US has approved a framework for TikTok’s operations, placing Oracle and Silver Lake at the center of managing its algorithm and data security. With ByteDance retaining a minority stake, the deal aims to address national security concerns while reshaping the future of the app in America.
The United States and China have struck a framework deal to resolve TikTok’s future, paving the way for US-controlled ownership. With Donald Trump and Xi Jinping set to finalize details, questions remain over who will buy TikTok’s American arm and whether national security concerns will be fully addressed.
US President Donald Trump said TikTok’s future in America depends on China, leaving open the possibility of letting the app “die” just days before the September 17 deadline. The administration has already extended the deadline three times, and a fourth extension now appears likely.
The US and China have agreed to extend their trade truce for 90 days, delaying steep tariff hikes and buying time for negotiations on key disputes including technology, energy, and rare earth minerals.