President Donald Trump on Thursday signed an executive order approving a deal to keep TikTok operational in the U.S., with Vice President JD Vance confirming the transaction values the business at $14 billion.

The agreement resolves a national security mandate that required China-based ByteDance to divest TikTok’s U.S. operations or face a ban. Under the deal, ByteDance will retain less than a 20% stake, with the rest controlled by American and international investors in a newly created joint-venture company. Advertisement

Enterprise tech firm Oracle, private equity giant Silver Lake, and Abu Dhabi’s MGX investment fund will collectively hold about 45% of the new TikTok U.S. entity. Another 35% will be owned by ByteDance’s existing investors and new stakeholders, according to CNBC’s Dav

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