President Donald Trump will sign an executive order approving a new TikTok U.S. joint venture on Sept. 25, a White House official told The Epoch Times.
The order will extend China-based ByteDance’s divestment deadline for 120 days, giving U.S. investors and ByteDance time to seek regulatory approvals and close a deal.
The TikTok U.S. joint venture will have a new board with seven seats, six of which will be held by Americans with backgrounds in cybersecurity and national security. The seventh will be held by ByteDance, which will be excluded from security-related decisions.
In accordance with the law requiring ByteDance to divest itself of TikTok, ByteDance will retain a stake of less than 20 percent in the new venture….
Trump to Sign TikTok US Deal on Thursday
