President Donald Trump signed an executive order on Thursday approving the transfer of TikTok’s U.S. operations from Chinese owner ByteDance to a consortium of American investors, preventing the app from being banned under U.S. national security law.
The deal, valued at $14 billion, follows approval from Chinese President Xi Jinping.
Under the agreement, Oracle will lead the U.S. investor group, acquiring roughly 45% of the app’s operations.
Private equity firm Silver Lake, media mogul Rupert Murdoch and his son Lachlan, and Dell Technologies CEO Michael Dell are also part of the consortium. ByteDance and other Chinese investors will retain less than 20% of TikTok’s U.S. operations.
The new entity will be overseen by a seven-member board, with six members from U.S. investors and one from ByteDance. Oracle will manage TikTok’s cloud infrastructure and recommendation algorithm within the United States to ensure data remains under American control.
Trump described the deal as “tremendous” for the United States, noting that Xi had personally approved the arrangement.
The deal resolves months of uncertainty over TikTok’s future in the U.S., where the app has roughly 180 million users and has been the subject of bipartisan scrutiny over data privacy and national security concerns.
The executive order effectively satisfies requirements of the Protecting Americans from Foreign Adversary Controlled Applications Act, which could have forced ByteDance to divest or face a nationwide ban. TikTok’s new U.S. structure is expected to be operational before the end of 2025, pending regulatory approvals.
American investors will hold majority control and manage day-to-day operations, marking a rare instance of large-scale foreign divestment in the tech sector.
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UNESCO has officially designated 15 December as World Turkic Language Family Day, marking an historic recognition of the linguistic and cultural heritage shared by Turkic-speaking nations.
The death toll from Typhoon Kalmaegi has risen to 66 as residents in the Philippine province of Cebu confront the devastation left by the storm that flattened homes and displaced thousands.
Zohran Mamdani made history on 4 November, 2025, when he won New York City's mayoral election, becoming the city's first Muslim mayor, first South Asian mayor, and youngest mayor in over a century.
The U.S. Senate has blocked a Republican-backed funding bill for the 14th time, as the government shutdown reached 35 days on Tuesday — tying the longest in U.S. history.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
The eastern Ukrainian city of Pokrovsk has emerged as a critical point in Russia’s campaign to seize the remaining Ukrainian-held parts of Donetsk, and its fate could shape the course of the conflict in the region.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of November, covering the latest developments you need to know.
UNESCO has officially designated 15 December as World Turkic Language Family Day, marking an historic recognition of the linguistic and cultural heritage shared by Turkic-speaking nations.
Zohran Mamdani made history on 4 November, 2025, when he won New York City's mayoral election, becoming the city's first Muslim mayor, first South Asian mayor, and youngest mayor in over a century.
Democratic socialist Zohran Mamdani has won New York City’s mayoral election, defeating former Governor Andrew Cuomo in a landmark victory that makes him the city’s first Muslim mayor.
The U.S. Senate has blocked a Republican-backed funding bill for the 14th time, as the government shutdown reached 35 days on Tuesday — tying the longest in U.S. history.
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