Trump Signs Executive Order Backing TikTok U.S. Deal

President Donald Trump has officially signed an executive order giving the green light to a major restructuring of TikTok that would put the popular social media app under American control.

The order, signed on Thursday, September 25, 2025, supports a proposed deal that brings U.S. investors to the forefront of TikTok’s operations. The arrangement comes after months of pressure over national security concerns about TikTok’s Chinese ownership through parent company ByteDance.

Under the new deal, Oracle, Silver Lake, and MGX — a fund with ties to Abu Dhabi’s royal family — will take nearly 45 percent ownership of TikTok’s U.S. business. ByteDance is expected to hold less than 20 percent, losing its grip on American users’ data and operations.

The executive order also grants a 120-day extension for the deal to be finalized, giving both sides time to settle critical details such as board structure, data control, and oversight of TikTok’s powerful recommendation algorithm.

The White House has estimated TikTok U.S. will be valued at around $14 billion once the restructuring is complete. However, Chinese approval is still needed before the agreement can move forward, leaving the app’s future hanging in the balance.

For now, Trump has made his move, declaring the deal a “win for America” — but the real test will come in the weeks ahead as the plan faces international scrutiny.