Trump’s order sets TikTok on course for majority American ownership. (Photo: X/@WhiteHouse) Show Quick Read Summary is AI Generated. Newsroom Reviewed

US President Donald Trump signed an executive order on Sept. 25, clearing the path for a deal that would shift the majority ownership of TikTok into American hands. While the key terms appear to be in place, the agreement still requires time to be finalised as the legal and financial details are negotiated, reported NBC News.

What Does The New Deal Look Like?

Under the framework outlined in the order, TikTok’s Chinese parent company ByteDance and its affiliates will retain less than 20% of the platform. The remaining 80% will be controlled by “certain investors,” according to NBC News.

The new US-based company is expected to be va

See Full Page