President Donald Trump has signed an executive order approving a TikTok deal that will save it from a nationwide ban. (We haven’t actually seen the order yet, only watched Trump sign it — we’ll update once we’ve seen the full text.) The deal values TikTok’s US operations at $14 billion and puts it under the control of companies based in the US.

“I spoke with President Xi [Jinping], we had a good talk,” Trump said during a briefing. “I told him what we were doing, and he said, ‘Go ahead with it.’”

CNBC’s David Faber says Oracle, Silver Lake, and MGX, which is based in Abu Dhabi, will get a 45 percent stake in TikTok’s US company. Investors in TikTok’s China-based parent company, ByteDance, will get 35 percent, according to CNBC. It’s still not clear whether the deal includes ByteDance’s a

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