What you need to know as Trump approves new TikTok deal

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe president signed an executive order approving a deal for TikTok to continue operating in the US, addressing national security concerns. The agreement involves transferring control of TikTok's US operations to a new joint-venture company, with ByteDance retaining less than a 20 per cent stake. Tech giant Oracle, investment firm Silver Lake Partners, and the MGX investment fund are expected to control around 45 per cent of the new entity, with figures like Michael Dell, Larry Ellison, and Rupert Murdoch mentioned as potential investors. During the signing ceremony, the president quipped about making TikTok's algorithm “100 per cent MAGA”, though he clarified that everyone would be treated fairly. The deal follows previous attempts to ban the app and addresses US lawmakers' concerns about ByteDance's alleged connections to the Chinese Communist Party and potential data sharing. In fullTrump quips he’d make TikTok algorithm ‘100% MAGA’ as he signs order for China sale to US groupThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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