ByteDance Desperate for Extension as TikTok Sale Deadline Hits

(Bloomberg) — ByteDance Ltd. is butting up against a long-awaited deadline that would subject the Chinese internet giant to possible Trump administration penalties if it can’t clinch a deal for the U.S. operations of its widely used video-sharing app, TikTok.



a close up of a logo: The logo for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.


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The logo for ByteDance Ltd.’s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.

The Beijing-based company has asked the U.S. government to extend a Thursday deadline for ByteDance to divest its TikTok business in the U.S. President Donald Trump in August demanded the app be spun off, citing concerns about the security of American users’ personal information, and gave the company a

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