WASHINGTON, Sept 25 (Reuters) - U.S. President Donald Trump has signed an executive order that envisions the sale of TikTok's U.S. operations to American and global investors, citing this as a solution to national security requirements set out in the 2024 law.
According to Vice President JD Vance, the new American company will be valued at about $14 billion, far lower than some analysts' forecasts. Trump has postponed until January 20 the implementation of the ban on the app if the Chinese owners do not sell it, to give time for the process of separating from the global platform and securing investors.
One of the most sensitive points remains TikTok's recommendation algorithm, which will be "retrained and monitored by US security partners," according to the order.
Trump said he had spoken to Chinese President Xi Jinping, who had given him approval for the plans. Meanwhile, China's foreign ministry said it respected the companies' will and expected the US to provide an open and non-discriminatory environment for Chinese businesses.
TikTok, which has 170 million users in the US, has not yet commented on the decision. Trump has publicly acknowledged that the platform helped him win the election last year, while his personal account has about 15 million followers.
