Trump is expected to sign an executive order extending the deadline for TIKTOK to be banned or sold

On April 5th, according to ABC News, Trump is expected to sign an executive order extending the deadline for TIKTOK to be "banned or sold" (tomorrow). BlockBeats previously reported that on April 3rd, according to the Financial Times, multiple insiders revealed that under the terms of the transaction, a group of new external investors, including a16z, Blackstone Group, Silver Lake Capital, and other large private equity firms, will own approximately half of TikTok's US business. These people said that the US business would be separated from its parent company in Beijing, ByteDance.