President Donald Trump signed an executive order on Thursday that allows TikTok to continue operating in the United States under new ownership. The order outlines a plan for the Chinese company ByteDance to divest its U.S. assets, shifting control to a group of American investors, including Oracle.

The executive order sets a 120-day timeline for the divestiture, which is intended to comply with a law passed by Congress requiring ByteDance to sell its U.S. operations to avoid a ban. This law, enacted last year, mandates that ByteDance must divest approximately 80% of its U.S. business to non-Chinese owners. Trump has previously postponed the deadline for this sale multiple times.

During the signing ceremony in the Oval Office, Vice President J.D. Vance emphasized the importance of protecting American data privacy. "We wanted to keep TikTok operating, but we also wanted to make sure that we protected Americans’ data privacy as required by law," he stated.

The deal is valued at around $14 billion, marking the first time a financial figure has been associated with the transaction. The consortium of investors is expected to hold a combined 50% stake in TikTok U.S., with Oracle, MGX, and Silver Lake as key players. ByteDance will retain less than 20% ownership to meet the legal requirements.

Concerns have been raised about potential political bias on the platform due to the involvement of prominent Trump supporters, including Oracle co-founder Larry Ellison and media mogul Rupert Murdoch. However, Trump downplayed these worries, asserting that the new platform would not favor any political ideology. "Every group, every philosophy, every policy, will be treated very fairly," he said.

The executive order is part of a broader effort to address national security concerns regarding TikTok, which has been criticized for its ties to China. Officials have warned that the app could be used for espionage or to manipulate content for its 170 million U.S. users.

The Biden Administration had previously urged ByteDance to divest its U.S. operations, negotiating a plan that would place American user data under stricter oversight. The current executive order represents a continuation of these efforts, allowing TikTok to remain available to its American audience while addressing security issues.

As the deal progresses, the White House plans to announce the full list of investors in the coming days. The future of TikTok in the U.S. remains uncertain, as key details and regulatory approvals are still pending.