TikTok Granted Extension on Divestiture Order

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Federal officials have granted TikTok and its Chinese parent ByteDance a week-long extension of a deadline for completing a divestiture deal

WASHINGTON—Federal officials have granted TikTok and its Chinese parent ByteDance Ltd. a weeklong extension of a deadline for completing a divestiture deal, in another delay of the Trump administration’s effort to turn the social-media app into an American company.

The extension to Dec. 4 was granted by the Committee on Foreign Investment in the U.S., known as Cfius, a federal panel that oversees cross-border mergers and acquisitions, lawyers for TikTok said in a filing in U.S. District Court in Washington on Wednesday.

 

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