US President Donald Trump has signed an executive order approving a deal to allow TikTok to continue its operations in the USA. The deal is worth $14 billion in valuation as per an estimate by Vice President JD Vance, though he didn’t disclose the purchase price. Following the executive order, ByteDance will retain a minor stake of just about 20 percent in TikTok’s total valuation.

After signing the TikTok deal, Trump stated, “This is interesting because I had a very good talk with President Xi, a lot of respect for him. Hopefully, he has a lot of respect for me, too. We talked about TikTok, and he gave us the go-ahead.”

Trump went on to shower praise on the US companies. “You know, it’s (TikTok) run by American investors and American companies, great ones, great investors, the biggest.

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