Trump signs order declaring TikTok sale ready and values it at $14 billion
Vice President JD Vance, the new US company will be worth approximately $ 14 billion, he said. On Thursday, Trump was postponed until January 20 unless the Chinese owners sell Tiktok’s US assets from the global platform, to rank American and other investors and to gain approval from the Chinese government. The publication of the Executive Order shows that Tiktok has made progress in the sale of US assets, but a large number of details, including how the US organization will use the most important presence of Tiktok, should be subjected to meat.
“There was some resistance on the Chinese side, but the main thing we wanted to realize, we wanted to continue Tiktok’s activities, but we also wanted to make sure that we protect the data privacy of the Americans as required by laws,” Vance told reporters. He said.
Trump’s order says the algorithm will be re -trained and watched by the US company’s security partners, and the functioning of the algorithm will be under the control of the new joint venture.
Trump said Chinese President Xi Jinping showed that plans were approved. Im I talked to President Xi, Tr Trump said. “We made a good speech, I told him what we were doing, and continue.”
The Chinese Embassy in Washington did not respond immediately to the request for comments. Tiktok did not comment on Trump’s action immediately. Trump helped Tiktok, a 170 million US users, to re -elect last year. Trump has 15 million followers in his personal Tiktok account. The White House launched an official Tiktok account last month. “This will be operated by the American.” He said.
Michael Dell, the founder, president and CEO of Dell Technologies; FOX News owner Fox Corp and newspaper publisher News Corp President Rupert Murdoch and “probably four or five in -world investors” will be part of the agreement.
The White House did not discuss how it emerged with a $ 14 billion valuation.
Tiktok’s Chinese parent is currently more than $ 330 billion, according to the newly employee receiving plan. Tiktok contributes to a small percentage of the company’s total income.
According to Wedbush Securities Analyst Dan IVES, Tiktok is estimated to be worth $ 30 billion to $ 40 billion without algorithm as of April 2025.
Alan Rozenhtein, a professor at the Faculty of Law at Minnesota University, said that the executive order has left unanswered questions, including whether it will still control the algorithm. “The problem is that the president approves the agreement, but does not give much information about the algorithm.” He said.
Oracle and others will have tiktok in the USA
Two sources familiar with the agreement on Thursday, Oracle and three investors, including Oracle and private capital company Silver Lake, will receive about 50% shares in Tiktok US.
One of the sources said that a group of shareholders would roughly have 30% shares. Among the current investors of ByTedance are Susquehanna International Group, General Atlantic and KKR.
Considering the interest of Tiktok’s interest in Tiktok, the source may still change.
Oracle and Silver Lake immediately did not respond to comments.
CNBC, previously reported that the Abu Dhabi -based MGX, Oracle and Silver Lake were ready to have a 45% property as the main investors in Tiktok US.
The MGX did not immediately respond to the request to comment on the CNBC report.
MPs of the House of Republican Representatives, said that they want to see more details of the agreement to allow him to take a clean break with China. “As the details end, we must ensure that this agreement is protected from the influence and supervision of groups of compatible groups,” US representatives Brett Guthrie, Gus Bilirakis and Richard Hudson said, “As the details result in the results and supervision of American users.” He said.
A senior White House official said on Saturday that Tiktok’s agreement on US operations included the appointment of one of the seven board members for the new organization.
Tiktok will keep less than 20% in the United States to comply with the requirements that order to be closed by January 2025 if US assets are not sold by Baytak.
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