Donald Trump has signed an executive order outlining his plan to sell TikTok’s US operations to American and global investors .

The US president said he and China’s president Xi Jinping have now reached an agreement which will see TikTok continue operating in the US, separating the social media platform from its Chinese owner, ByteDance.

Trump said that Michael Dell, Rupert Murdoch and “probably four or five absolutely world-class investors” would be part of the deal.

Controlling around 45 per cent of TikTok US will be Oracle, a software company, private equity group Silver Lake and Abu Dhabi’s MGX, the Financial Times reports.

ByteDance will own 19.9 per cent, according to the newspaper, while US companies are expected to own around 80 per cent.

The new US company will be value

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