President Donald Trump said Friday that he will sign an executive order to extend the deadline for China-based tech company ByteDance to sell TikTok to a U.S. buyer. "My Administration has been working very hard on a Deal to SAVE TIKTOK,
The new deadline for the TikTok sale is approaching, and the app may be banned after Saturday. Here's why President Trump is optimistic about a sale.
2hon MSN
President Donald Trump had a TikTok deal in place Wednesday for the app's operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with ByteDance maintaining a minority position,
Donald Trump has extended the deadline for ByteDance to sell TikTok's U.S. assets by 75 days, moving it to mid-June. The extension is intended to allow for restructuring negotiations, reducing Chinese ownership below 20%.
President Donald Trump said on Friday he would extend the deadline for TikTok to find a U.S. buyer by an additional 75 days to “ensure all necessary approvals are signed,” while preventing the popular social media app from going dark in the United States.
President Donald Trump extended a deadline requiring China-based ByteDance to sell U.S. TikTok operations, marking second time Trump taken such an action.
TikTok's deadline to sell the app's US operations is looming, and the app that is used by one-third of Americans could be banned.
U.S. President Donald Trump on Friday extended by another 75 days a deadline requiring TikTok's Chinese owner ByteDance Ltd. to sell the popular short-form video-sharing app or face a federal ban on national security grounds.
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E! Online on MSNDonald Trump Signs Order to Keep TikTok Running for 75 More DaysAhead of TikTok’s April 5 sale deadline, President Donald Trump confirmed he’s giving a 75-day extension, during which time the app will remain running.