President Donald Trump has signed an executive order that essentially approves of the sale of TikTok’s U.S. operations to an American investor group in order to keep the social media app operational in the country. Vice President JD Vance said that the deal would value TikTok US at “around $14 billion.”

TikTok was required to divest its American business, or be banned in the U.S., via a national security law originally signed by former President Joe Biden. Trump’s executive order essentially bars the Attorney General or Department of Justice from enforcing that law for 120 days while the divestiture plan presented to the President is executed.

TikTok’s owner ByteDance has not yet publicly acknowledged the deal or executive order, but did, on September 19, issue a statement that “it w

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