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Trump signs order declaring TikTok sale ready and values it at $14 billion
WASHINGTON: President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors will address the national security requirements in a 2024 law. The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.
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bbc.com
Trump TikTok deal: Who might own the app and how would it work?
Trump says a deal is done but the details have not been confirmed by China or the app's owner ByteDance.
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huffpost.com
Trump Says China's Xi Has Approved Of Proposed Deal Putting TikTok Under U.S. Ownership
Much is still unknown about the actual arrangement, but Trump said Chinese President Xi Jinping “gave us the go-ahead” to proceed with the deal.
