Trump has approved a deal to sell part of TikTok in the US. The business was valued at $14 billion

U.S. President Donald Trump signed an executive order on September 25 approving a deal to sell part of the TikTok video service's U.S. business to American and global companies. The video broadcast was carried out on the White House website.

US-based TikTok is valued at $14 billion as part of the agreement, Vice President JD Vance said. Trump's executive order said his plan to sell TikTok in the U.S. would comply with a 2024 law, Reuters reports. That law calls for the app to be blocked if China's ByteDance, which owns the entire video service, does not sell its US business.

Under the terms of the deal, which still need to be approved by the Chinese side, TikTok's business in the United States will be managed by a new joint venture. Its main investors will be cloud giant Oracle, investment company Silver Lake and investment fund MGX from Abu Dhabi, sources told Reuters, CNBC and several other publications. Together, the three shareholders will control about 45% of that company, while China's ByteDance (which owns all of TikTok) will retain less than 20%, CNBC reported. According to Reuters, Oracle, Silver Lake and MGX will account for about 50% of the shares, while ByteDance's shareholder group will have about 30%. ByteDance's co-owners include companies such as Susquehanna International Group, General Atlantic and KKR, the agency added.

No one from ByteDance was present at the signing ceremony at the White House, CNBC notes. The company also did not confirm the fact of the deal at the time of publication of this text.

In addition, there is no word yet on whether China has made any legislative changes necessary to implement the deal, CNBC emphasizes. But Trump has said that Chinese President Xi Jinping has approved the deal. According to Vance, the Chinese side resisted at first, but eventually agreed.

The value of ByteDance in August 2025 was estimated at about $330 billion, Reuters wrote. In early 2025, analysts at Bloomberg Intelligence estimated the value of TikTok's U.S. business at $30-35 billion.

Under the new agreement, Oracle will be responsible for providing cybersecurity for TikTok and will also continue to provide cloud computing power for the app's U.S. division, CNBC reported. Trump noted that Oracle CEO Larry Ellison is personally involved in the deal and that his company "plays a very important role."

"Now it's American property. Very smart Americans. Everything will be under American management," the president said.

Oracle shares plunged 5.5% to $291.3 in major trading on Sept. 25. It became their minimum closing price since September 12, the third trading session in a row ended in the negative. Rothschild & Co analyst Redburn gave the securities a rare recommendation to sell, and his target price was almost 45% lower than the current one.

This article was AI-translated and verified by a human editor