ByteDance gets 15-day extension from Trump administration order to divest TikTok
The Trump administration gave TikTok’s Chinese owner more time to reach a deal to sell the app, after demanding that it divest its interest in the social media service over national security concerns.
US President Donald Trump had signed an executive order in August requiring that TikTok’s parent company, ByteDance, sell any assets that allowed it to operate the app in the United States by Thursday. That deadline was extended 15 days until Nov. 27, according to a document that TikTok filed Friday in US District Court for the District of Columbia.
The extension keeps in limbo a deal that was aimed at preventing the U.S. government from banning the popular video app. ByteDance has offered to sell stakes in TikTok to U.S. cloud computing firm Oracle and Walmart.