Trump signs order declaring TikTok sale ready and values it at $14bn

The new US company will 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. Trump on Thursday delayed until Jan 20 enforcement of the law that bans the app unless its Chinese owners sell it amid efforts to extract TikTok's US assets from the global platform, line up American and other investors, and win approval from the Chinese government. The publication of the executive order shows Trump is making progress on the sale of TikTok's US assets, but numerous details need to be fleshed out, including how the US entity would use TikTok's most important asset, its recommendation algorithm. "There was some resistance...