Trump allies to control TikTok under new US deal | News

WASHINGTON, Sept 26, 2025 (BSS/AFP) - Donald Trump on Thursday signed an executive order laying out a proposed deal for a US version of TikTok that would see Chinese ownership reduced to 20 percent and put control in the hands of the president's allies. At a signing ceremony at the White House, Trump said the US version of the app would be run by "highly sophisticated" investors including Larry Ellison, the founder of cloud giant Oracle, tech investor Michael Dell and media tycoon Rupert Murdoch. Investment firm Silver Lake Management and Silicon Valley powerhouse Andreessen Horowitz are also thought to be part of the deal. "The proposed divestiture would allow the millions of Americans who enjoy TikTok every day to...