Finance As Deadline Lapses, Trump Administration Continues TikTok Talks

As Deadline Lapses, Trump Administration Continues TikTok Talks


WASHINGTON — The Trump administration will enable a Friday deadline for TikTok’s Chinese language mum or dad firm to promote the viral video app to lapse, stated an individual with data of the choice. However the authorities won’t implement an govt order demanding the sale, the individual stated, giving extra time to achieve a deal that may put a bigger slice of TikTok’s possession in American arms.

The White Home ordered the sale of TikTok’s U.S. belongings in August over issues that the app’s Chinese language possession posed a nationwide safety threat. ByteDance, the Chinese language web large that owns the app, launched into an effort to promote the app to American consumers and fulfill the administration’s issues.

Beneath the phrases of the proposed deal introduced earlier this 12 months, ByteDance agreed to promote stakes within the app to Walmart and the enterprise software program firm Oracle. Oracle would additionally assist handle TikTok’s information to alleviate issues that Beijing may get entry to info belonging to American customers.

ByteDance had till Dec. 4 to promote the app underneath a White Home order; the deadline had been prolonged a number of instances. However whereas the White Home didn’t lengthen the deadline for a deal once more, it additionally plans to take no motion to pressure a sale, stated the individual with data of the discussions, who was not licensed to talk publicly. That can enable talks over a attainable deal to proceed.

It was unclear precisely how the administration would implement the order even when it needed to take action. Monica Crowley, a spokeswoman for the Treasury Division, which is vetting the TikTok deal, didn’t instantly reply to a request for remark.

A spokeswoman for TikTok declined to remark. Walmart declined to remark. Oracle didn’t instantly reply to requests for remark.

The Trump administration has tried to restrict Chinese language affect in know-how around the globe. Officers have spent a number of years working to purge tools constructed by Chinese language firms like Huawei from telecommunications networks. Extra just lately, the administration has focused Chinese language-owned shopper functions like TikTok, Grindr and WeChat.


Please enter your comment!
Please enter your name here

Latest news

‘Cruel Summer’ offers a time-twisting spin on a teen-soap mystery

The series unfolds over a series of days in 1993, 1994 and 1995, briskly oscillating among them in...

UEFA president says those planning new Super League are ‘taking football hostage’

Speaking to CNN Sport contributor Darren Lewis, Ceferin did not hold back on the proposals which threaten to...

Outcry and condemnation: world reacts to ‘very damaging’ European Super League

In a joint announcement Sunday night, six English clubs -- Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and...

José Mourinho sacked as Tottenham Hotspur manager

The Portuguese manager was appointed by Spurs in November 2019, replacing Mauricio Pochettino, and had signed a deal...

ACM Awards 2021: See who won at the ACM Awards

Luke Bryan won entertainer of the year, but he was unable to attend due to testing positive for...

Navalny’s life is Putin’s ‘personal’ responsibility, say Russian politicians

"The state of health of political prisoner Alexey Navalny threatens his life," said the letter, signed by 11...

Must read

UEFA president says those planning new Super League are ‘taking football hostage’

Speaking to CNN Sport contributor Darren Lewis, Ceferin...

You might also likeRELATED
Recommended to you

Translate »
Skip to toolbar