Trump signs order approving TikTok deal, ByteDance yet to confirm it's selling its US unit
US President Donald Trump has signed an executive order approving the sale of TikTok's US unit. The signing ceremony saw no representatives from the Chinese government or TikTok-parent ByteDance, which is yet to acknowledge that it's selling its US unit. According to the order's terms, a new joint venture will oversee the unit, with ByteDance retaining under 20% stake.