Trump’s order allows to deal with American Tijook operations to follow up

president Donald Trump On Thursday, an executive thing that allows the transfer of US Tiktok operations away from the Chinese -based owner of the social media application.

We will see the deal American Tiktok Operations Disputing to commit to compliance with a law prohibiting social media platforms under the control of foreign hostile governments such as China.

Trump said that he “enjoys great respect for President Xi,” and added that “he is very able to agree to the deal, because to achieve it properly, we really needed the support of China and the approval of China.”

The president said that the administration “will announce different things, but the United States is exquisitely coming out, and I think China is getting out wonderfully because it can have a very important legacy, and they have many other deals, as you know, they have deals with us, and they have deals in this country, and they want to be treated just as well.”

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Vice President JD Vance He said that the company will reach about 14 billion dollars in the deal, adding that “the most important thing is that it protects the safety of the Americans and ensures that Tiktok is still available.”

“What this deal guarantees is that the American entity and American investors will actually control the algorithm. We do not want to use this as a propaganda tool by any foreign government. We want to make sure that our people and our investors are already making these decisions based on what is good for their business, instead of what is useful for the arms of publication of the other government.”

The vice president also said that the American entity that controls the Tiktok algorithm was important to fulfill national security requirements under the law, adding that it is necessary to protect American users and to ensure that the decision -making can be made based on its interests and sources.

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The group that is led by Oracle will be a giant for software that includes Silver Lake for private stocks and state -owned investment company MGX is the main investors in Tiktok Us, with a 45 % royal share, according to Report by CNBC Quoting sources familiar with this issue.

The White House has previously indicated that Oracle and Silver Lake will be among the main owners of Tiktok Us earlier this week, a White House official said that bytedance will own less than 20 % of the company, while current shareholders and international companies will represent the remainder of the company’s ownership. Intedance investors will retain 35 %, according to the report.

Vans noted that the administration will announce more about the investors participating in the transaction, saying it is “a blue chips group of investors.”

National Security relates to the remains of Capitol Hill, as Americans continue to pass under the extension of Trump Tijook

Last year, Congress enacted a law signed by the then president Joe Biden This is a ban on Tiktok and other applications controlled by foreign opponents amid national security concerns about data security and the use of platforms for foreign effects.

The Americans Protection Law requires foreign applications (PAFACA) that applications like Tiktok be restricted in the United States unless it is eliminated from the monarchy under control by numerical foreign governments, such as The Chinese Communist Party.

After the law survived a supreme court The challenge began, began on January 19, 2025, although it allowed 90 days to extend.

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By initially refused to sell Tiktok and after President Trump took office, he issued a 75 -day initial delay in law enforcement.

This was followed by another 75 -day extension in April and the extension of 90 days in June, which was scheduled to be expired earlier this month before its extension.

Fox Business’ Sophia Compven and Reuters contributed to this report.