President Donald Trump will sign an executive order Thursday to finalize a deal transferring TikTok’s U.S. assets to American investors, a White House official confirmed to CNN.
The move follows a bipartisan law passed last year that banned the Chinese-owned app unless it sold roughly 80 percent of its U.S. operations to American-backed investors.
Trump will sign an executive order on Thursday that declares a deal being negotiated by the White House to sell TikTok's US operations.#Trump #TikTok #US https://t.co/feCI8bAeCY
— Cybernews (@CyberNews) September 25, 2025
Trump had already extended the pause on enforcement of the law until December 17. The new order will extend the pause by another 120 days to allow for regulatory approvals and paperwork to be completed.
Under the agreement, TikTok’s U.S. operations and a copy of its algorithm will be transferred to a joint venture run by a majority-American board. Oracle will oversee data security and privacy protections.
The deal also sets the stage for Trump’s first in-person meeting with Chinese President Xi Jinping since returning to office, scheduled at the APEC Summit in South Korea next month.
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TIPP Staff
TIPP Staff
