Trump signs executive order saying his TikTok deal is legal

President Donald Trump has signed an executive thing that puts the final touches on some conditions for the deal to bring American Tiktok business under US control. The new TIKTOK entity will be owned by a group of investors in the United States, while the BYTEDANCE will maintain a smaller share in the new company and maintain the application algorithm.

Tiktok has faced more than a year of uncertainty about its future in the United States since former President Joe Biden signed a law last year requires the sale of the sale of Tiktok or a ban. In January, the Supreme Court upheld the law and briefly tied Tijk, just as Trump took office. Trump immediately signed an executive matter extending the deadline for the ban. (It signed over the fourth week last week.) An order announces today that the plan to divide an American entity from the company owned by the houses will meet the requirements for the ban.

The executive comes after a wave of interest in Tiktok from American companies and investors. Microsoft, Amazon, Perplexity Ai, founder Alexis Ohanian and YouTube Mrbeast are among those who compete for work.

Under the new ranking, American investors will have a large share in the American entity. CNBC mentioned Oracle, Silver Lake and MGX will be part of a basic set of investors who own 45 percent of business. Trump confirmed the participation of Oracle, and Michael Del and Robert Murdoch also mentioned as investors as part of the deal. The current owner of TIKTOK will get 19.9 per cent and the rest will go to a group of investors who include former investors in bytedance. Vice President JD Vance said the new company will reach about 14 billion dollars.

Oracle, which has previously been partner with the company, will continue to be safe, in its role in overseeing the application and safety algorithm. The fate of the Tiktok algorithm was a major question. Some legislators questioned the decision to license algorithm of bytedance. Earlier this week, the Republican President and a member of the Democratic Classification of the Chinese Communist Party selection committee expressed his concerns about any arrangement that does not put the algorithm in American hands.

In answering the questions after Trump signed the matter, Vans told reporters that the deal guaranteed that American investors will control how the algorithm pushes the content towards users. It is “on board” with the deal.