Trump signs executive order to advance TikTok acquisition plan, valued at $14 billion.

On September 26, according to the United Morning News, U.S. President Trump signed an executive order to advance the plan for American investors to acquire TikTok's U.S. operations from its Chinese parent company, ByteDance, emphasizing that this acquisition plan will comply with a U.S. law regarding national security for 2024. U.S. Vice President Pence stated that TikTok is valued at $14 billion (approximately 18.1 billion SGD). Trump said during a signing ceremony at the White House on Thursday (September 25) that tech investor Michael Dell and media mogul Rupert Murdoch, along with "probably four or five absolutely world-class investors," will participate in the TikTok acquisition plan. Two sources familiar with the transaction revealed that three investors, including Oracle and private sale firm Silver Lake Partners, will hold about 50% of TikTok's U.S. company shares. AFP pointed out that Silicon Valley giant Andreessen Horowitz will also participate in the acquisition plan. The investors acquiring TikTok are all allies of Trump, but Trump insists that TikTok will not favor any political stance. Trump stated that the U.S. version of TikTok will meet the national security requirements of a law in 2024. After the deal is completed, the data of American users will be protected, and Oracle will assist in ensuring the security of the U.S. version of TikTok's Algorithm.