Trump Signs TikTok Deal
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TikTok's U.S. business will have 45% of control in the hands of a group of investors that includes Oracle, Silver Lake and Abu Dhabi's MGX.
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Minnesota father-daughter duo popular on TikTok optimistic about app's future following latest deal
"I've seen a lot of the discourse and everyone's like 'They're just going to keep pushing it back forever.' So, it is kind of cool we're moving somewhere," said Olive Mannella, of Anoka.
The $14 billion price tag proposed for TikTok’s US business values it more like a stuffy old energy or food company than a leading global social media company.
On Sept. 25, President Donald Trump advanced a deal with Chinese President Xi Jinping to allow an American spin-off of TikTok owned by mostly American investors.