Tags: China | Trump Administration | tiktok | divest | order | extend

Trump Admin Grants 15-Day Extension on TikTok Divestiture Order

Trump Admin Grants 15-Day Extension on TikTok Divestiture Order
(Lionel Bonaventure/AFP via Getty Images)

Friday, 13 November 2020 12:59 PM

The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday.

TikTok said 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. The U.S Treasury did not immediately comment on Friday.

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The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday.TikTok said it now has until Nov. 27 to reach an...
tiktok, divest, order, extend
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2020-59-13
Friday, 13 November 2020 12:59 PM
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