ByteDance Gets 7 Day Extension To Divest TikTok

Apparently, the Trump Administration hasn’t forgotten about TikTok because they’ve given ByteDance who owns TikTok another seven days to unload TikTok says Reuters:

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.

This might have something to do with the fact that ByteDance reportedly has a “new proposal” that’s aimed at addressing U.S. government concerns. It will be interesting to see what that is. As well as it will be interesting to see if other concerns in “Trump World” have any effect on this.

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