US President Donald Trump while announcing the deal for TikTok on Thursday (Sep. 25) said all viewpoints would be treated fairly under the new owners [Kevin Lamarque/Reuters]

United States President Donald Trump has signed an executive order requiring ByteDance to divest its US TikTok operations. The move transfers majority control to a new group of investors, including Oracle, MGX, and Silver Lake.

• The order, signed in the Oval Office, gives ByteDance 120 days to complete the divestment.

• Vice President JD Vance said the deal aims to keep TikTok operating while protecting US data privacy, as required by law.

• The transaction is valued at $14bn, the first public estimate of its scale.

Reports suggest:
• Oracle, MGX, and Silver Lake will hold around 45–50% of TikTok US.
• ByteDance will retain under 20% ownership to comply with the 2024 law.
• Investors include Rupert Murdoch and Michael Dell, though their roles remain unclear.

The White House will publish the full investor list in the coming days.

Source: Al Jazeera

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