Back to headlines

img

TikTok Is Granted 15-Day Extension on Forced-Sale Deadline

The Trump administration has given the owner of TikTok another 15 days to resolve national security concerns before it’s required to sell the viral video-sharing app. The app’s Chinese owner, ByteDance Ltd., said in a court filing Friday that the Committee on Foreign Investment in the U.S. had granted it until Nov. 27 to reach an agreement, extending a deadline that was set to expire on Thursday. TikTok declined to comment on the filing. ByteDance challenged the Thursday deadline in court in Washington on Tuesday, saying the government hadn’t responded to its latest efforts to strike a compromise and prevent an enforced sale.

News source ~ Bloomberg