Trump extends deadline for TikTok sale
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The New York Times |
President Trump on Friday granted TikTok another reprieve by announcing he would extend the deadline for when the popular app had to make a deal to be separated from its Chinese owner, ByteDance, or ...
The Atlantic |
As the deadline for action on the TikTok ban-or-sell issue is once again extended, who cares anymore?
Reuters |
Bidders for the short video social media company are piling up, as the weekend deadline for TikTok to find a buyer approaches.
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TikTok, Trump
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TikTok may get banned again over the weekend unless it is sold. When will it be banned again? Who wants to buy TikTok? Here's everything to know.
China halted a deal this week for the country to divest from TikTok in the United States over President Trump's newest retaliatory tariffs.
2hon MSN
Project Liberty founder Frank McCourt believes their bid for TikTok centers on a human rights issue, not a tech issue.
Trump said his EO will give TikTok's Chinese parent company another 75 days to sell its stake in the social media app or else be banned in the U.S.
The deal remains in limbo, hostage to the emerging trade war between the U.S. and China. On Friday, Trump said he is extending the deadline for TikTok to be banned or sold off by its Chinese-owned parent company, ByteDance.
Many questions remain about the state of a potential deal, but loyal TikTok users have reason to be optimistic. Several interested parties have raised their hands to potentially buy the app, and Trump has expressed a desire to help facilitate a deal and preserve access to the platform.
China has so far successfully stalled the deal to stop that advantage from slipping out of its grasp. BlackRock originally wanted the deal finalized by April 2, however, China’s antitrust regulatory agency launched a probe into the proposed $23 billion sale by CK Hutchison, likely halting the deal in its tracks, if only temporarily.
US President Donald Trump has signed an executive order to allow TikTok to operate for an additional 75 days. This delay comes as trade tensions between the US and China continue. Trump said the deal to transfer TikTok’s ownership needs more time to receive final approvals.