ByteDance gets another extension from US government for TikTok sale

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Illustration by Alex Castro / The Verge

The Trump administration has once again extended the deadline for ByteDance to sell video sharing platform TikTok’s business in the US, Reuters reported. The Committee on Foreign Investment in the United States (CFIUS) has given China-based ByteDance until December 4th to either sell or spin out its US business, according to a court filing. CFIUS reportedly granted the extension “to allow time to review a revised submission” that it recently received.

President Trump said in August that TikTok and its parent company were a national security risk to the US, and issued the initial order requiring TikTok to sell its US business. Trump’s order would have blocked all US transactions with ByteDance.

In September, the US Commerce Department...

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source https://www.theverge.com/2020/11/28/21723883/bytedance-extension-us-government-tiktok-sale-oracle-trump

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