CNN

President Donald Trump is expected to sign an executive order on Thursday that will clear the way for the completion of a deal to sell TikTok’s US assets to a consortium of American investors, a White House official tells CNN.

Trump spoke with Chinese President Xi Jinping on Friday to discuss the deal. Earlier this year, a law banning the popular social media app in the US went into effect. The law bars the app unless it sold approximately 80% of its assets to US-backed investors.

Thursday’s executive order is expected to state that the deal constitutes a qualified divestiture as required by the ban-or-sale law that passed with strong bipartisan consensus last year. The president is also expected to extend the pause on enforcing the law by another 120 days so that paperwork and re

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