President Donald Trump signed an executive order that formalizes a plan to transfer TikTok's U.S. operations to an American‑controlled entity. The deal will give a coalition of U.S. investors—including Oracle, Silver Lake, MGX, Michael Dell and Rupert Murdoch—a majority stake, while ByteDance retains a 19.9% share. Valued at roughly $14 billion, the new structure keeps Oracle in charge of the app’s algorithm and data security. Lawmakers raised concerns about algorithm control, but Vice President JD Vance and the president emphasized that the arrangement meets legal requirements and will treat all content fairly.
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