President Donald Trump has finally cleared the way for a tentative deal that would keep video-sharing app TikTok operating in the US through the creation of a new, separate American-run entity.

After months of delays, the order gives some shape to the deal and confirms that under the new framework, the US-based arm of TikTok will be controlled by large American investors, who will own 80% of the entity, with ByteDance retaining 20%.

The president said that Oracle, Michael Dell and Rupert Murdoch will be involved. READ MORE