Trump Approves TikTok Deal, US and ByteDance Own One Company Each
2025-09-26 01:28:23
On September 26th, at 16:24 pm US time on September 25th, Trump signed an executive order in the Oval Office of the White House, approving the transaction that allows TikTok to continue operating in the United States, TikTok survive in the United States. The executive order signed by Trump is "Rescuing TikTok in the Context of Safeguarding National Security". According to the framework agreement, TikTok US operations will be operated by a newly established US-based joint venture company, which will be majority-owned and controlled by Americans, and will control the algorithms, codes and content review decisions TikTok the United States. ByteDance and its affiliates will hold less than 20% of the equity in the joint venture company, and the remaining equity will be held by specific investors. The joint venture will be governed by a board of directors to protect U.S. user data and national security in compliance.
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