TikTok gets 15-day extension as US sale deadline is pushed to November 27
- Committee on Foreign Investment in the US grants reprieve to ByteDance, which owns the video sharing app
- To address national security concerns, TikTok is seeking US government approval to sell a stake to Oracle and Walmart
TikTok has been given a 15-day extension, until November 27, to reach a deal to sell its US operations.
In a court filing on Friday the lawyer for ByteDance, which owns the popular video sharing app, said the Committee on Foreign Investment in the US had extended the deadline for a sale.
In August, US President Donald Trump ordered ByteDance to sell TikTok’s US business to an American owner.
TikTok is seeking US government approval to sell a minority stake to Oracle and Walmart, hoping that will address the White House’s national security concerns. Washington believes data from the app’s users can be obtained by Beijing, an allegation the company has denied.
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ByteDance requested a 30-day extension last week and said the government had not responded to its efforts to reach a compromise and avoid a forced sale.
On Thursday, the previous deadline, a federal appeals court in Washington granted an extension for TikTok and the US government to submit additional documents.