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Trump approves TikTok sale valued at $14 billion with key U.S. investors

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Source: Reuters
Trump approves TikTok sale valued at $14 billion with key U.S. investors
Photo: Reuters
TL;DR Summary

President Donald Trump signed an executive order to facilitate the sale of TikTok's U.S. operations, valuing the new company at around $14 billion, with key investors including Oracle, Silver Lake, and Michael Dell, as part of efforts to address national security concerns and separate TikTok from its Chinese parent ByteDance.

Topics:nation#business#bytedance#sale#tiktok#trump#valuation
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  1. Trump signs order declaring TikTok sale ready and values it at $14 billion  Reuters
  2. Trump Signs Executive Order Related to TikTok Deal  The New York Times
  3. Trump signed executive order on TikTok deal. But the deal isn’t complete  CNN
  4. Trump signs order allowing TikTok deal to proceed  Axios
  5. Oracle, Silver Lake and MGX will be main investors in TikTok U.S., sources say  CNBC

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