Trump orders sale of TikTok, values it at $14 bn
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Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only BenefitsPresident 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.
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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