Donald Trump is an obsessive issuer of executive orders: since January there have been more than two hundred. Some of them are the famous press releases; Others are more significant. “Preservation of Tiktok in the protection of national security” decisively falls into the second category. Signed last week, on the same day when the Ministry of Justice accused James KomiIt is designed to facilitate the transfer of the platform of social networks with hundreds of seventy million American users to a consortium, which presents several political and financial philanthropists of the president. According to the news, potential investors in the Tiktok transaction include two conservative billionaires-Larry Ellison, the co-founder of Oracle, and Rupert Murdok, the owner of Fox News-and two investment companies associated with the administration: Susquehanna, which already owns the shell in the Chinese parent company Tiktok; and Andressen Gorovitz. It is also believed that MGX, an investment fund supported by the Government of the United Arab Emirates, which recently paid two billion dollars to crypto -actes created World Liberty FinancialThe company controlled by the Trump family.
Perhaps the time of these events was random, but it was not so. By indicating Komi and bring Tiktok's American hand to Magician Fold seems part of the same great project Concentrate the power of the medium in the hands of Trump or the hands of his allies and I will defeat its perceived enemiesThe field is certainly, the executive order was signed a few days after Disney pushed to the White House pressure campaign and restored Jimmy Kimmel into the air after Brief suspensionThe field but in today's media-transist, late evening comics on network television have nothing comparable to the coverage of a social hippo, such as Tiktok.
The campaign aimed at making Tiktok cancel its operations in the United States as a two -party initiative caused by poorly defined fears that the application posed a threat to national security. Trump, by the end of his first term, issued an order to ban the platform of social networks on these grounds, but the courts hit it. When Joe Biden was in the White House, he officially canceled Trump’s ban, but demanded a refusal. In 2024, Congress adopted the bill with the support of both parties, which prescribed the sale or closure of the application by January of this year. During the repetition campaign, Trump used Tiktok to contact younger voters and changed his mind about the ban on it. Since he received his position, he ignored the language of the legislation of 2024 and postponed the deadline for the sale four times. The deal, which he finally concluded to allow checking the impasse from all sides.
When a large company decides or is legally obliged to get rid of one of its large subsidiaries, it usually attracted an investment bank to find a buyer or buyers. This intermediary will then receive financial and operational information about the business and transfer it to potential bidders, in order to start an auction and command as a higher price as possible. The organization of the initial public proposal of shares in a subsidiary will be another option. In this case, the law requiring the refusal and participation of the Chinese government complicated things. But we know little about how a potential sale was organized, regardless of whether some financial intermediaries were participated, or how the Ellison consortium was chosen.
We know, partly because Trump said so earlier this year that at least four groups expressed interest in trading. They included personnel, led by billionaire Frank McCort, who previously owned a dodge from Los -Angeles. In June, McCort said the show “CBS Mornings” that he and his partners informed the Vice President JD Vance that they were “ready, wished and are able to buy a platform”. According to reports, other potential buyers included Amazon, the artificial intelligence company and the coalition led by Tim Stockeli, the founder of only Fans. The executive order, which signed Trump, does not say what happened to other grooms, or how the conquering consortium was assembled. It simply notes that Vance headed the interdepartmental process, which determined that the proposed transaction made a “qualified personality” in accordance with the legislation of 2024. This interdepartmental process included not only the Vance office, but also the National Security Council, the Office of Scientific and Technical Policy, the Ministry of Treasury, the Ministry of Justice, the Ministry of Trade and the Office of the Director of National Intelligence.
Last week, Trump said that the owners of the US activity in Tiktok will be “American investors, American companies, great, great investors.” He did not mention the investment company MGX, which is supported by the government of the Emirates and the managed by Sheikh Tahnun Bin Zayd al-Nakhin, the royal emirate, who is also an adviser to the national security of the monarchy. When the MGX bought a stube, released in the amount of two billion dollars issued by the World Liberty Financial in the beginning of this year, the purchase created Trump as a major player in Crypto -Mira. And how Once reported Earlier this month, this step occurred when the UAE tried to buy thousands of advanced micromies developed by the American company NVIDIA. The Trump administration subsequently approved the purchase of chips.
How did MGX appear in Tiktok transactions? This is another open question, as well as the question of whether potential buyers receive a cute deal. Last week, Vance said that the transaction would evaluate Tiktok operations in the USA in the amount of fourteen billion dollars. This is much lower than the previous estimates of its value, which varied up to fifty billion dollars. This is “may be the most underestimated technical acquisition of a decade”, Ashvin Binvani, the founder of the investment company of the same name, said Bloomberg last week. However, another report Bloomberg provided a possible explanation of a low grade: even after the liquidation transaction is continued, Bytedance will continue to receive about half the profit that Tiktok receives in the United States, even if its share of ownership is reduced to twenty percent.
