Trump Signs Executive Order to Advance TikTok Acquisition Plan, Valuation Reaches $14 Billion

BlockBeats News, September 26, according to The Straits Times, U.S. President Trump has signed an executive order to advance the plan for American investors to acquire the U.S. operations of TikTok from its Chinese parent company ByteDance, emphasizing that this acquisition plan will comply with the national security requirements of a U.S. law enacted in 2024.

U.S. Vice President Vance stated that TikTok is valued at $14 billion (approximately S$18.1 billion). On Thursday (September 25), at the signing ceremony held at the White House, Trump said that tech investor Michael Dell and media mogul Rupert Murdoch, as well as "probably four or five absolutely world-class investors," will participate in the TikTok acquisition plan.

Two sources familiar with the deal revealed that three investors, including Oracle and private equity firm Silver Lake Partners, will hold about 50% of TikTok's U.S. company shares. AFP pointed out that Silicon Valley giant Andreessen Horowitz will also participate in the acquisition plan. All the investors acquiring TikTok are Trump’s allies, but Trump insisted that TikTok will not favor any political stance.

Trump said that the U.S. version of TikTok will meet the national security requirements of a law enacted in 2024. After the transaction is completed, the data of U.S. users will be protected, and Oracle will assist in ensuring the security of the U.S. version of TikTok’s algorithm.