US President Donald Trump signed an executive order allowing American investors to buy TikTok’s US operations from its Chinese owner ByteDance Ltd. for a potential value of $14 billion. This move aims to comply with 2024 law requiring divestment of control and ensures the security of the new venture, after receiving approval from Chinese President Xi Jinping.
Source: https://www.bloomberg.com/news/articles/2025-09-25/trump-signs-tiktok-order-with-us-app-s-value-put-at-14-billion