TikTok’s owner, ByteDance, receives 1-week extension to seal U.S. sale

TikTok’s clock keeps changing.

The U.S. government has granted Tik Tok’s owner, ByteDance, a week-long extension to seal a deal to sell off the video sharing app, the Treasury Department said Wednesday.



a sign in front of a building: The clock is ticking for a bit longer.


© Mario Tama
The clock is ticking for a bit longer.

The clock is ticking for a bit longer. (Mario Tama/)

Video: U.S. gives extension to sale order of TikTok (Reuters)

U.S. gives extension to sale order of TikTok

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The Committee on Foreign Investment in the United States pushed the deadline to Dec. 4 to “allow time to review a revised submission that the Committee recently received,” the Treasury Department said in a statement.

The Trump administration has pushed ByteDance, which is based in Beijing, to sell off TikTok to an American buyer, part of the commander-in-chief’s crackdown on Chinese tech companies. The White House tagged TikTok as a security threat in the summer.

In September, reports surfaced that ByteDance had arrived at deal with Oracle and Walmart, and President Trump said the deal had his “blessing.” But no deal has been finalized.

The deadline for ByteDance to divest from TikTok has been pushed back repeatedly.

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