Summary
President Trump signed an executive order allowing the deal for TikTok's U.S. assets sale to move forward. The deal is not finalized yet, but it has made significant progress.
Key Facts
- President Trump signed an order to advance the sale of TikTok's U.S. assets.
- Vice President Vance mentioned a valuation of around $14 billion for the deal.
- The specifics of the deal points and valuation aren't fully public or confirmed.
- American investors are expected to make up the majority of the board of the new company.
- The new company will lease an algorithm from ByteDance, TikTok’s parent company.
- Potential investors include Oracle, Silver Lake, and the Abu Dhabi government.
- President Trump mentioned Rupert Murdoch and Michael Dell might be part of the investor group.
