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.
U.S. President Donald Trump and his team are actively exploring options to acquire Greenland, with discussions including the potential use of the U.S....
Leaders from the U.S. and European countries moved closer to finalising legally binding security guarantees for Ukraine following a “Coalition of th...
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones I...
At least four people were killed and several others injured on Tuesday during fighting in Aleppo, northern Syria, state media reported. The government...
International law remains codified through treaties, charters, and resolutions, but enforcement depends largely on political will. When major powers c...
U.S. President Donald Trump and his team are actively exploring options to acquire Greenland, with discussions including the potential use of the U.S. military, which is "always an option," according to a statement from the White House on Tuesday.
Leaders from the U.S. and European countries moved closer to finalising legally binding security guarantees for Ukraine following a “Coalition of the Willing” meeting in Paris on Sunday.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
At least four people were killed and several others injured on Tuesday during fighting in Aleppo, northern Syria, state media reported. The government and the Kurdish-led Syrian Democratic Forces (SDF) are trading blame for the violence.
Germany’s foreign intelligence service secretly monitored the telephone communications of former U.S. President Barack Obama for several years, including calls made aboard Air Force One, according to an investigation by the German newspaper Die Zeit.
Israeli media report that Israeli Prime Minister Benjamin Netanyahu chaired a lengthy security meeting that reportedly focused on the country’s regional threats, including Gaza, Lebanon, and Iran.
U.S. President Donald Trump said on Sunday (4 January) that the United States could carry out further military action in Venezuela following the capture of President Nicolás Maduro. Speaking to reporters aboard Air Force One, he said Washington now effectively controls the country.
At the end of last year, U.S. President Donald Trump was reported to have raised the Azerbaijan–Armenia peace agenda during a conversation with Israel’s prime minister, warning that if peace were not achieved, Washington could raise tariffs on both countries by 100 percent.
President Ilham Aliyev said 2025 has politically closed the Armenia-Azerbaijan conflict, as a Trump-era reset in U.S. ties, new transport corridors and a push into AI, renewables and defence production reshape Azerbaijan’s priorities.
U.S. President Donald Trump and his team are actively exploring options to acquire Greenland, with discussions including the potential use of the U.S. military, which is "always an option," according to a statement from the White House on Tuesday.
Leaders from the U.S. and European countries moved closer to finalising legally binding security guarantees for Ukraine following a “Coalition of the Willing” meeting in Paris on Sunday.
At least four people were killed and several others injured on Tuesday during fighting in Aleppo, northern Syria, state media reported. The government and the Kurdish-led Syrian Democratic Forces (SDF) are trading blame for the violence.
Ukrainian President Volodymyr Zelenskyy, French President Emmanuel Macron, and British Prime Minister Keir Starmer signed a declaration of intent on Tuesday outlining the future deployment of multinational forces in Ukraine.
The United States has presented Israel and Syria with a proposal for a security agreement that would establish a joint economic zone along the border, Axios reported on Tuesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment