Overview

• Vice President JD Vance said the U.S. now controls TikTok’s data protections and recommendation algorithm to guard against foreign influence.
• President Donald Trump signed an executive order approving a proposal that would keep TikTok operating in the U.S.
• The framework calls for a new joint venture to run TikTok’s U.S. business, with ByteDance holding under 20% and investors including Oracle, Silver Lake and Abu Dhabi’s MGX.
• Vance said the arrangement values TikTok’s U.S. operations at roughly $14 billion and would result in more than 80% U.S. ownership.
• ByteDance has not acknowledged the order or the transaction, and there has been no public indication of Chinese legal changes required for the deal.