Trump signs executive order to create US-controlled TikTok

US President Donald Trump has signed an executive order for a deal to create a US version of TikTok. Under the plan, Trump’s allies and top investors, including Rupert Murdoch, Michael Dell, and Oracle founder Larry Ellison, will take charge, while Chinese ownership will be reduced to 20 percent.

Other major US investors like Andreessen Horowitz and Silver Lake Management will also oversee the app.

Millions of Americans will still be able to use TikTok, but the app’s famous algorithm will remain in the US and be closely monitored for national security reasons.

The US TikTok entity is valued at about $14 billion. A 120-day delay has been given, and the deal must be completed by January 23, 2026.

Trump said he has “great respect” for Chinese President Xi Jinping, who approved the deal. Beijing has stayed mostly quiet, and TikTok has not yet responded.

This decision follows a law passed under former President Joe Biden that required TikTok’s parent company, ByteDance, to sell its US operations or face a ban. The deal could have a big impact on how Americans use TikTok and get information online.

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