Trump signs executive order for TikTok Us: it will be valued at 14 billion

Donald Trump signs executive order for agreement on TikTok. Xi Jinping "gave us the green light" on the app, the president said. "American investors will control" the platform and Oracle will "play an important role" on the security front of TikTok, Trump explained, saying he was satisfied with the security measures launched for the platform.

The company that will control TikTok's US operations will be valued at around USD 14 billion, Vice President JD Vance said, pointing out that there was some resistance from the Chinese on the deal but then the understanding du TikTok was reached. Among the investors in the company 'are Michael Dell and Rupert Murdoch,' Trump explained. Vance also made it clear that American investors will control TikTok's algorithm as far as its US operations are concerned.

Oracle, private equity firm Silver Lake, and Mgx will be the main investors in TikTok USA, with a combined ownership stake of 45 per cent, Cnbc reported. ByteDance, the Chinese parent company of TikTok, will hold 19.9 per cent, while the remaining 35 per cent will be in the hands of ByteDance investors. ByteDance's backers, including General Atlantic, Susquehanna, and Sequoia, are expected to contribute equity to the new TikTok USA, sources told Cnbc.