TechAU
President Donald Trump signed an executive order, formally approving a landmark deal that transfers majority control of TikTok’s U.S. operations to a consortium of American and allied investors. The agreement, which averts a nationwide ban mandated by a 2024 law, values the U.S. business at $14 billion and aims to resolve long-standing national security concerns…
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TikTok’s U.S. Operations sold to Oracle-led consortium for US$14B, sparking questions for Australia
Jason Cartwright
18:24
President Donald Trump signed an executive order, formally approving a landmark deal that transfers majority control of TikTok’s U.S. operations to a consortium of American and allied investors. The agreement, which averts a nationwide ban mandated by a 2024 law, values the U.S. business at $14 billion and aims to resolve long-standing national security concerns…
