Trump has signed an executive order approving a $14 billion deal to keep TikTok running in the U.S., subject to Beijing’s approval. The agreement establishes a new joint venture in which ByteDance holds under 20%, Oracle, Silver Lake, and MGX Fund together control about 45%, and ByteDance’s existing investors retain 35%.

  • Oracle will oversee security operations and cloud hosting, with founder Larry Ellison directly involved.
  • Vice President JD Vance confirmed the $14 billion valuation.
  • Trump said the deal ensures TikTok is “American operated all the way.”
  • ByteDance investors including General Atlantic, Susquehanna, and Sequoia will contribute equity, while U.S. authorities gain control of TikTok’s recommendation algorithm.
  • There is no federal equity stake.
  • Trump also mentioned possible involvement from Rupert and Lachlan Murdoch, as well as Dell CEO Michael Dell.
This article was written by Eamonn Sheridan at investinglive.com.

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