WASHINGTON ‒ President Donald Trump signed an executive order to help finalize the sale of TikTok's U.S. operations to an American investor group and keep the popular video app operating in the country.
“We have American investors taking it over, running it, highly sophisticated," Trump said Sept. 25 in signing the order.
Vice President JD Vance , who helped shepherd the deal, said it protects Americans' data security and is good for investors. The company will be valued at $14 billion, he said.
White House officials said earlier this week that TikTok had reached a preliminary deal to keep operating in the United States.
The agreement, which the Trump administration has worked on for months, would spin off Beijing-based TikTok's American operations to a new joint venture compo