The federal government’s Committee on Foreign Investment in the United States has extended the deadline for the arranged sale of TikTok by one week, to December 4.
In a brief legal filing Wednesday, government attorneys disclosed the latest extension, which followed a previous two-week reprieve to November 27. Officials have been in a months-long back-and-forth with TikTok and its China-based parent, ByteDance, due to security concerns centered on the fast-growing social video app.
In August, President Donald Trump signed an order requiring the company to sell TikTok to a “very American” company due to concerns about national security as well as privacy. A month later, Oracle emerged as Trump’s choice to take majority control of a new, U.S.-run entity in which Walmart would also have a stake. Details of the arrangement have not been finalized, however, and Trump’s order has faced numerous court challenges in the months since it was issued.
In a brief legal filing Wednesday, government attorneys disclosed the latest extension, which followed a previous two-week reprieve to November 27. Officials have been in a months-long back-and-forth with TikTok and its China-based parent, ByteDance, due to security concerns centered on the fast-growing social video app.
In August, President Donald Trump signed an order requiring the company to sell TikTok to a “very American” company due to concerns about national security as well as privacy. A month later, Oracle emerged as Trump’s choice to take majority control of a new, U.S.-run entity in which Walmart would also have a stake. Details of the arrangement have not been finalized, however, and Trump’s order has faced numerous court challenges in the months since it was issued.
- 11/25/2020
- by Dade Hayes
- Deadline Film + TV
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