President Trump has signed an executive order approving a deal that would transfer TikTok’s U.S. operations to American investors, effectively reducing ByteDance’s control. The deal values the U.S. arm of TikTok at around US $14 billion. Under the plan, the U.S. investors (including Oracle, Silver Lake, MGX etc.) would hold a majority stake (reported as ~ 80% ). ByteDance and Chinese investors would retain a smaller minority stake (under 20%).