President Donald Trump said on Thursday the deadline set for Chinese firm ByteDance to sell its popular short-video program TikTok’s US operations wouldn’t be extended.
“It’ll either be closed up or they’ll sell it,” Trump told reporters before leaving Michigan.
“There will be no extension of the TikTok deadline.”
TikTok did not immediately respond to a request for comment.
ByteDance has been trying to pick a buyer so it may finalise a bargain with mid-September and comply with Trump’s order to divest TikTok’s assets.
TikTok is famous for videos of people dancing, which become hugely viral among teenagers. However, US officials have expressed concern that data on people using the system may be passed to the Chinese Communist Party in Beijing. TikTok has said it wouldn’t comply with any request to share user data with the Chinese government.
Republican Senator Josh Hawley, a close ally of President Trump, told journalists yesterday that he also does not support an extension of the deadline.
Hawley said he wasn’t supportive of a result that didn’t incorporate a full sale.
Before this month, we noted that TikTok’s potential buyers were talking four ways to structure an acquisition from ByteDance, including purchasing the program’s US operations without key software.
The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our official content partners at Thomson Reuters. Reporting by Andrea Shalal, Lisa Lambert, Nandita Bose and Mohammad Zargham in Washington. Editing by Chris Reese and Peter Cooney.
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