President Donald Trump signed an executive order on Thursday that opens the door for a $14 billion TikTok deal. The agreement could shift majority ownership of the app into American hands.

While the broad terms are in place, legal and financial details still need to be finalised before the deal officially closes.

“This is going to be American-operated all the way,” Trump said during the signing. “I have great respect for President Xi , and I very much appreciate that he approved the deal, because to get it done properly, we really needed the support of China and the approval of China.”

Who is involved in the deal?

Trump did not list all the investors but confirmed that Oracle and its co-founder Larry Ellison will play a “big” role.

He also named tech entrepreneur Michael Dell

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