Trump Approves $14 Billion TikTok Deal via Executive Order, Vance Confirms

President Donald Trump signed an executive order approving a TikTok deal valued at $14 billion, allowing the app to continue operating in the U.S. under a new joint venture. China-based ByteDance will retain less than 20% ownership, while Oracle, Silver Lake, and Abu Dhabi’s MGX fund will control roughly 45%. Oracle will manage security and cloud services. ByteDance investors, including General Atlantic and Sequoia, will contribute equity. The federal government will not take a stake. The deal satisfies U.S. national security requirements, pending Chinese approval, and prevents enforcement of a law threatening TikTok’s U.S. operations until December 16.