Home World News US grants China's ByteDance new seven-day extension of TikTok sale order

US grants China's ByteDance new seven-day extension of TikTok sale order

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WASHINGTON (REUTERS) – The Trump administration on Wednesday (Nov 25) granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app, according to a court filing.

The Trump administration previously had granted ByteDance a 14-day extension of the order issued in August, which was set to expire Friday.

The new deadline is Dec 4, TikTok said.

Under pressure from the US government, ByteDance has been in talks for months to finalise a deal with Walmart and Oracle to shift TikTok’s US assets into a new entity.

The US Treasury did not immediately comment Wednesday.