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Trump orders sale of TikTok, values it at $14 bn

US President Donald Trump. file

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President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok's US operations to US and global investors would address the national security requirements in a 2024 law.

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The new US firm would be valued at around $14 billion, Vice-President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.

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