Trump Signs Order Approving TikTok US Sale to American Investors
Trump Signs Executive Order Approving TikTok US Sale to American Investors President Donald Trump has signed an executive order finalizing terms for a deal that would place TikTok’s U.S. business under American control. According to reports, a group of U.S.-based investors including Oracle, Silver Lake and MGX will hold a majority stake; ByteDance will retain a 19.9% stake and keep control of TikTok’s recommendation algorithm. Key facts U.S. investors (reported core group: Oracle, Silver Lake, MGX) will own a large share of the new U.S. TikTok entity. ByteDance will retain a 19.9% stake and reportedly will continue to license the app’s recommendation algorithm. Vice President J.D. Vance said the arrangement ensures U.S. investors will "control over how the algorithm pushes content toward users." The new company’s valuation has been reported…
