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ByteDance Granted Seven-Day Extension of TikTok Sale

TikTok owner ByteDance has been granted a seven-day extension on an order from the Trump Administration to sell the short-form video sharing platform (via Reuters (https://www.reuters.com/article/us-usa-tiktok-idUSKBN285324)).





(https://images.macrumors.com/article-new/2020/08/tiktok-logo.jpg)


The administration had previously granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Trump on August 14 directed (https://www.macrumors.com/2020/08/15/tiktok-90-days/) ByteDance to divest the app within 90 days.





According to a court filing on Wednesday, however, the Chinese company now has a new deadline of December 4 to sell TikTok to a domestic U.S. company.





ByteDance has also reportedly offered the U.S. government a new proposal aimed at addressing its concerns, a person briefed on the matter told Reuters.





ByteDance remains in protracted talks with Walmart and Oracle on a deal (https://www.macrumors.com/2020/09/20/tiktok-oracle-walmart-deal/) that would divest it of the social media app and create a new U.S.-based company called TikTok Global.





In September, a federal judge granted TikTok a preliminary injunction that temporarily halted (https://www.macrumors.com/2020/09/28/judge-temporarily-blocks-us-tiktok-ban/) an order from the Trump Administration that would have banned new downloads of the app (https://www.macrumors.com/2020/09/18/us-downloads-of-tiktok-wechat-banned-sunday/) in the United States because of the risks posed by their data collection practices and Chinese ownership.




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Source: ByteDance Granted Seven-Day Extension of TikTok Sale (https://www.macrumors.com/2020/11/26/bytedance-granted-7-day-extension-tiktok-sale/)