
Trump Greenlights TikTok U.S. Sale via Executive Order, Valued at ~$14B
Published September 25, 2025
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A satirical card showing Trump's executive order approving a TikTok U.S. deal, with ByteDance wounded, Oracle/Silver Lake/MGX rushing in, and the app's U.S. operations claimed as American turf.
President Donald Trump signed an executive order enabling a U.S. restructuring of TikTok, following negotiations with China and investor groups. The deal would place Oracle, Silver Lake, and MGX as major U.S.-based stakeholders (controlling ~45%), while ByteDance retains a minority stake (under 20%). The new structure grants U.S. control over algorithm licensing, board oversight, and data operations. The app is valued at around $14 billion under the deal.
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