News > US not extending TikTok divestiture deadline, but talks expected to continue

US not extending TikTok divestiture deadline, but talks expected to continue

E-News | 05/12/2020 11:55 AM | Click to read full article

The Trump administration on Friday opted not to grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok’s US assets, but talks between the company and government are expected to continue over the short video-sharing app’s fate.

Last week, the Committee on Foreign Investment in the United States granted ByteDance a one-week extension until Friday over the order to shed TikTok’s US assets.