The news: President Trump issued an executive order Thursday approving a deal to keep TikTok operating in the U.S. by placing significant ownership under U.S. companies. This order addresses national security concerns tied to a law that required TikTok’s parent company, China-based ByteDance, to divest from U.S. operations or face a nationwide ban.

The deal values TikTok’s U.S. operations at $14 billion, Vice President JD Vance said . Per the deal, enterprise technology company Oracle, investment firm Silver Lake, and the Abu Dhabi-based MGX wealth fund would be lead investors in TikTok U.S., holding a combined 45% stake. ByteDance would still hold around 20% of a stake in the company, and ByteDance’s investors would retain the remaining 35%.

Trump said Chinese President Xi Jinpin

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