Trump's TikTok Deal: The Billionaire Backers

President Donald Trump is orchestrating a deal to transfer TikTok's U.S. operations from Chinese control to a consortium of American investors, with several of his closest billionaire allies and major tech firms poised to take majority control of the platform. The White House has confirmed Trump will sign an executive order on Thursday finalizing the arrangement that keeps TikTok operational for its 170 million American users.

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