Trump Signs Executive Order for US TikTok Deal: Chinese Ownership Reduced to 20% as Allies Take Control

Sep 26, 2025 08:47 am CST

Donald Trump has signed an executive order outlining a new deal for TikTok in the United States that reduces Chinese ownership to 20% while transferring control to allies including Larry Ellison, Michael Dell, and Rupert Murdoch. The arrangement aims to preserve access for 170 million American users while addressing national security concerns through continuous algorithm monitoring. The deal, reportedly valued at $14 billion, has until January 23 to complete the transaction.