Trump approves TikTok deal through executive order

Core Points - President Trump signed an executive order to approve a proposal that values TikTok's U.S. operations at $14 billion [1] - The deal requires China-based ByteDance to sell TikTok's U.S. operations or face a ban, with a new joint-venture company overseeing the business [2] - Oracle, Silver Lake, and MGX investment fund will be the main investors, controlling approximately 45% of the new entity [3] Company Structure - ByteDance will retain less than a 20% stake in the new U.S. TikTok business, while ByteDance investors and new holders will own 35% [2][3] - Oracle will manage the app's security operations and provide cloud computing services for the new TikTok U.S. firm [5] - ByteDance was valued at $330 billion last month, with TikTok's U.S. operations estimated to be worth between $30 billion to $35 billion [5] Government Involvement - The federal government will not take an equity stake in TikTok's U.S. operations [6] - The executive order extends ByteDance's deadline to divest TikTok's U.S. operations, preventing penalties for app store operators and internet service providers [7]