ByteDance Gets One More Week To Finalize TikTok U.S. Sale

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The company has until December 4 to finalize a deal with a U.S. company or TikTok may face a ban in the country.

ByteDance’s deadline to divest TikTok’s U.S. operation has been extended for a second time, giving the company until December 4 to finalize a deal with a U.S. company to avoid a ban of the popular video-sharing app, CNNAFP via Getty ImagesA spokesperson for the Treasury Department told CNN that the Committee on Foreign Investment in the United States has given the Beijing-based Bytedance a one-week extension to “allow time to review a revised submission that the Committee recently received.

This is the second time the video-sharing app has been given an extension to finish the deal as the original deadline of November 12 had been pushed to November 27.a federal appeals court to vacate the Trump administration’s order asking it to divest its U.S. business. In its filing the company had sought a review of the divestment order, claiming the order and the government’s assertion that TikTok is a national security threat were both unlawful and violated the company’s rights under the U.S.

 

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Probably just wait a few months and it'll blow over. Kinda like Hunter's laptop, a useful distraction.

thanks for this news

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