Tiktok Get 15 day extension to reach deal with US buyers
Chinese short video app TikTok has been given a 15 day extension by the US Government to make a deal with American buyers.
The deadline for the parent company, ByteDance to make a deal with Oracle and Walmart has been extended to November 27 from the previous November 12 date.
On August 6, ex-US President, Donald Trump had issued an executive order banning US transactions with TikTok and ByteDance after 45 days due to national security concerns.
On August 14, Trump signed another order that forces ByteDance to sell its US TikTok business within 90 days with the deadline of November 12.
In September, Trump gave approval to ByteDance to sell the app to US buyers which lead to the potential deal of ByteDance with Oracle and Walmart.