ByteDance granted seven-day extension to sell its share in TikTokTikTok continues to gain extra lives on every level.
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ByteDance has been granted a seven-day extension to sell its share of TikTok.
Reported by Reuters, the Trump administration has granted ByteDance, the company who owns TikTok, a seven-day extension of an order that directs the company to sell the short-form video app. The new extension comes after a multitude of other extensions as the company works to sell off its ownership in the app.
The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on Aug. 14 had directed ByteDance to divest the app within 90 days. The new deadline is Dec. 4, TikTok said in the filing. Under pressure from the U.S. government, ByteDance has been in talks for months to finalize a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity.
According to the report, the extension was granted to review ...
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ByteDance granted seven-day extension to sell its share in TikTok
