The Brief

WASHINGTON - President Donald Trump on Thursday signed an executive order allowing a deal which will put TikTok under U.S. ownership.

Chinese President Xi Jinping "gave us the go-ahead" to proceed with the deal, according to Trump.

Who will take over TikTok U.S.?

Dig deeper:

A group led by software giant Oracle that includes private equity firm Silver Lake and UAE state-owned investment firm MGX will be the main investors in TikTok U.S., with a combined 45% ownership stake, according to a report by CNBC citing sources familiar with the matter.

US President Donald Trump signs an executive order about Tiktok in the Oval Office of the White House in Washington, DC, on Sept. 25, 2025. (Photo by SAUL LOEB/AFP via Getty Images)

The White House previously indicated Oracle and S

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