ASN NEWS USA — NEWS FLASH

WASHINGTON (ASN NEWS USA) — President Donald Trump has signed an executive order declaring that a plan to sell TikTok’s U.S. operations to American and global investors meets the national security requirements of the 2024 law that forced the sale or a U.S. ban.

The order, titled “Saving TikTok While Protecting National Security,” was signed in the Oval Office on Thursday, Sept. 25, a day after Trump’s summit with Chinese President Xi Jinping. Vice President JD Vance said the new U.S. company would be valued at around $14 billion — far below some analyst estimates.

Under the proposed framework, American investors would control more than 80 percent of TikTok’s U.S. operations through a new joint venture, while China’s ByteDance would hold less than 20 percent. Oracle is expected to serve as the venture’s trusted technology partner, overseeing the app’s security and retraining its powerful recommendation algorithm on U.S. user data.

“This is going to be American-operated all the way,” Trump said in the Oval Office, thanking Xi for approving the deal.

The summit itself produced friction on another front: Xi pressed Trump on Taiwan, urging Washington to handle the Taiwan question “with prudence,” while Senate Democrats criticized the summit as yielding no meaningful concessions on trade, security, AI or human rights.

The deal still needs final approvals before it can close.

Stay tuned to ASN News USA for continuing coverage of this developing story.

Reported by ASN News USA. Visit asnnewsusa.com or follow @ASNNewsUSA for updates.

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