Trump admin grants ByteDance 15-day extension to divest TikTok app

WASHINGTON (Reuters) - The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday.

TikTok said it now has until Nov. 27 to reach an agreement. ByteDance has been in talks for a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity. The U.S Treasury did not immediately comment on Friday.

 

(Reporting by David Shepardson; editing by Jonathan Oatis)


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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