On Thursday afternoon, President Donald Trump signed an executive order that wipes the way for an agreement to put Tijook in our hands, with some of his closest billionaire allies to take matters.
“This will work all the way along the way,” Trump said, adding that the agreement was green by Chinese President Xi Jinping. “I have great respect for President Xi, and I am very appreciated that he agreed to the deal, because to achieve it properly, we really need to support China and the approval of China.”
Who is in the deal
The property structure is still being completed, but Trump revealed this OracleParticipant founder Larry Ellison plays a “great” role in managing the application, given that they have already stored a lot of Tiktok data in the United States in its servers. Ellison was an ally of the president Millions For the president’s campaign and Advice to him During the Covid-19 epidemic.
He also added that the conservative media pole Robert Murdoch, Malik Fox The company – which runs Fox News – will also be an investor, and billionaires will also sit Michael Del on the blackboard. He hinted that three supporters of “blue chip” were also part of the group, but he did not announce those they were.
For Runder and Lachlan Murdoch, a stake in Tiktok can provide a way to reach the younger fans outside the traditional TV and printing, where the family Corp empire – and perhaps its recovery Buy the catastrophic Mai Space Nearly 20 years ago. FOX conditions are still unclear, but Tiktok Tie-in will join the Stakes minority that Murdochs already maintains in betting companies on luxury and Vanwell, and more Lachlan’s control over the empire after the restructuring of the modern family, the restructuring process in its conflict of Crupt Wrege.
Vice President JD Vance confirmed that the agreement gives Americans authority over the precious Tiktok algorithm; The system that dictates what more than 170 million American users see their extracts. Speaking when the president signed the executive order at the Oval Office, Vans linked its Tiktok to $ 14 billion – much less than that earlier. Estimates The American Tiktok assets have been set up to $ 100 billion, depending on the arrival of the algorithm.
“This deal will allow the United States to control the application algorithm,” he said. “It will actually be run by an American along the way.”
For Trump, the signature was more than national security – linked to his broader business schedule, as he boasted about definitions and sports.
However, fears flow about what Trump’s allies mean to control a platform with this influence on American political discourse.
Trump joking himself about the algorithm patronage: “I always love the Maghra associated. If I can make it 100 % magazine, I will do that, but it will not succeed in this way, unfortunately.
Vans also stressed that the works will lead the application content decisions: “We want the company to make decisions on content based on the work interest and based on the interest of users, and this is what we believe will happen.”
The signature also sets the basis for the first Trump’s first meeting with Xi since he returned to office. The two leaders are expected to discuss the deal more at the upcoming APEC summit in South Korea.
Tiktok did not immediately respond to a request for comment.
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