President Trump Facilitates U.S. Ownership of TikTok to Protect National Security
TL;DR
President Donald Trump signed an executive order to save TikTok from a ban by approving a divestiture plan where TikTok's US operations are transferred to a US-based joint venture, with Oracle providing security and US user data stored domestically, ensuring national security while allowing Americans to continue using the platform and supporting US economic activity.
- Fact Sheet: President Donald J. Trump Saves TikTok While Protecting National Security The White House (.gov)
- Trump Clears Way for American-Owned TikTok Valued at $14 Billion The New York Times
- Oracle, Silver Lake and MGX will be main investors in TikTok U.S., sources say CNBC
- Trump signs executive order on TikTok deal: what to know NBC News
- President Donald Trump announces deal to hand TikTok to US investors 6abc Philadelphia
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