DEVELOPING: Trump Unveils Executive Order to Fast-Track TikTok Sale

BREAKING NEWS President Trump Unveils Executive Order to Fast-Track TikTok Sale September 25, 2020 - Washington D.C. In a major development, President Trump has signed an executive order green-lighting the sale of popular short video app TikTok to a consortium of US investors. The deal aims to address national security concerns over the app's Chinese ownership, ByteDance. The executive order, issued today, confirms that the proposed divestiture meets Congress' "qualified divestiture" standards. This means that the new entity will be subject to rules protecting Americans' privacy and will have a board of directors with oversight powers. Under the deal, ByteDance will own less than 20% of the new company, significantly reducing its control over TikTok's operations in the US. The move is seen as a key step towards resolving the ongoing controversy surrounding the app's ownership structure. The sale is expected to be completed soon, with the consortium of investors set to take control of TikTok's US operations. This development comes after months of negotiations between ByteDance and the US government over the app's fate. This is a developing story We will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*