26 September 09:11
Donald Trump signed a decree for TikTok to be operated by American investors, having a deadline of 120 days for the completion of the transaction.
Matei Gaginsky
International
Foto: www.shutterstock.com
President Trump signed a decree allowing the Chinese company ByteDance to transfer control of the TikTok application to American investors, with a deadline of 120 days to complete the transaction. The decree, titled "Saving TikTok in parallel with national security protection," stipulates that ByteDance can own a maximum of 20% of the new joint venture, which will have an estimated value of 14 billion dollars. Trump mentioned that prominent investors, such as Oracle, Rupert Murdoch, and Michael Dell, will play an important role in ensuring the security of the application.
Sources
Președintele Trump semnează un decret privind trecerea TikTok sub controlul unor investitori americani
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