Trump approves TikTok deal through executive order at $14 billion

On Thursday, President Donald Trump signed an executive order in the United States that approves a proposal in the US in a transaction that Vice President JD Vance value $ 14 billion in the business.

According to the executive order, the agreement meets the needs of a national security law that requires a Chinese -based Bay to sell US operations or face an effective prohibition in the country. In accordance with the conditions that China still approve, a new joint venture company Tiktok will control the US business and maintain a share of less than 20%.

Enterprise Tech giant Oracle, Silver Lake and Abu Dhabi -based MGX Investment Fund will be the main investors in Tiktok’s US business and control about 45% of the workplace, while owners and new owners will have 35% of their new owners.

There was no representative in the signature and the company did not accept a transaction. No purchasing price has been mentioned, and there is no indication that the Chinese government has made changes in the laws required for an agreement.

President Trump said Chinese President Xi Jinping continues to agree. Vance said that the Chinese government showed some resistance before the agreement.

Under the planned arrangement, Prophecy Faber, the application will supervise the security operations and will continue to provide cloud computing services for the new Tiktok US company, Faber, referring to the sources familiar with the agreement reported. Trump said Oracle CEO Larry Ellison’s involvement in the property group and his company “plays a big role”.

“It belongs to Americans and very sophisticated Americans, Tr Trump said in the signature. “This will be operated until the end of the American.”

Sources Faber told Faber, such as General Atlantic, Susquehanna and Sequoia, such as bytek, such as the new Tiktok USA is expected to add equality. The bandan was reported to be worth $ 330 billion last month. Analysts have previously estimated that Tiktok’s US operations could be between 30 billion and 35 billion dollars.

In a statement on Monday, CNBC said the agreement did not include the Federal Government Tiktok’s stock or so -called gold shares in US operations.

Trump said the Conservative Media Baron at the weekend Rupert Murdoch And his son Lachlan Murdoch, as well as Ellison and Dell Technologies CEO Michael Dell.

Last week, the President signed an executive order that extends the deadline of the baytan to be disposed of Tiktok’s US operations or to be subject to the National Security Law signed by former President Joe Biden. The order prevents App Store operators, such as the Ministry of Justice’s Apple and Google and Internet service providers, to implement the national security law that will punish Tiktok to serve US operations.

WRISTWATCH: The White House press secretary says Trump will sign the Tiktok agreement.