WASHINGTON: The Trump administration has granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app by Thursday, a U.S. Justice Department official confirmed.
TikTok said in a court filing earlier Friday it now has until Nov. 27 to reach an agreement. ByteDance has been in talks for a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity.ByteDance filed a petition on Tuesday with the U.S. Court of Appeals for the District of Columbia challenging the Trump administration divestiture order.
ByteDance said Tuesday the government seeks"to compel the wholesale divestment of TikTok, a multi-billion-dollar business built on technology developed by" ByteDance and based on the government's review of the Chinese company's 2017 acquisition of Musical.ly.AdvertisementThe Trump administration contends TikTok poses national security concerns, saying the personal data of U.S. users could be obtained by China's government. TikTok, which has over 100 million U.S.
In Tuesday's court filing, ByteDance said it submitted a fourth proposal last Friday that contemplated addressing U.S. concerns"by creating a new entity, wholly owned by Oracle, Walmart and existing U.S. investors in ByteDance, that would be responsible for handling TikTok's U.S. user data and content moderation."Separate restrictions on TikTok from the U.S.
A Commerce Department ban on Apple Inc and Alphabet Inc's Google offering TikTok for download for new U.S. users that had been set to take effect on Sept. 27 has also been blocked.
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