President Donald Trump signed an executive order this Thursday, saving TikTok from an imminent ban. The platform, boasting 170 million users in the U.S., is now transitioning to a consortium of non-Chinese investors who will control 80% of its operations.

ByteDance, its Chinese parent company, retains less than 20%, specifically 19.9%, along with a single seat on the board of directors. The valuation of the new U.S.-based TikTok reaches $14 billion, as confirmed by Vice President J.D. Vance during the White House ceremony.

Though controversial for being lower than previous estimates of up to $40 billion, this price reflects Trump's commitment to national security without compromising innovation. Trump, who credits part of his 2024 electoral victory to TikTok—where he has amassed 15 million followers—hailed the deal as «the art of the deal.»

«It's run by Americans, and very sophisticated ones,» the president declared, emphasizing Oracle's critical role in managing the algorithm and data security.

The crisis traces back to April 2024, when then-President Joe Biden signed a bipartisan law mandating that ByteDance divest 80% of TikTok's U.S. operations or face a total shutdown due to national security risks.

The legislation, passed with broad congressional support, highlighted concerns over Chinese access to user data and the potential manipulation of the algorithm for propaganda purposes. Biden feared that the Chinese Communist Party might use TikTok to spy on American citizens or influence elections.

The law took effect in January 2025, but upon beginning his second term, Trump extended the deadline multiple times: first by 75 days, then 90, and most recently to December 16. These extensions facilitated intense negotiations with Beijing.

The turning point came in September 2025. Following a productive call between Trump and President Xi Jinping on September 19, both leaders finalized a framework agreement. Trump announced progress on trade, fentanyl, and TikTok approval via Truth Social. Xi, in turn, stressed a «fair environment» for Chinese investments but conceded on the divestiture.