The Brief

President Donald Trump on Thursday signed an executive order that allows a proposed deal on TikTok's future to move forward.

TikTok's U.S. operations will be separated from ByteDance to comply with federal law.

Oracle and other private equity firms will be the main investors in TikTok U.S.

WASHINGTON - President Donald Trump on Thursday signed an executive order allowing a deal which will put TikTok under U.S. ownership.

Chinese President Xi Jinping "gave us the go-ahead" to proceed with the deal, according to Trump.

Who will take over TikTok U.S.?

Dig deeper:

A group led by software giant Oracle that includes private equity firm Silver Lake and UAE state-owned investment firm MGX will be the main investors in TikTok U.S., with a combined 45% ownership stake, according

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