The Trump administration on Friday opted to not grant ByteDance a brand new extension of an order requiring the Chinese language firm to divest TikTok’s US belongings, however talks between the corporate and authorities are anticipated to proceed over the quick video-sharing app’s destiny, two sources briefed on the matter stated.
Final week, the Committee on International Funding in america granted ByteDance a one-week extension till Friday over the order to shed TikTok’s US belongings. President Donald Trump’s August order gave the Justice Division the facility to implement the divestiture order as soon as the deadline expired, however it’s unclear when or how the federal government could search to compel divestiture.
The Justice Division and Treasury Division didn’t instantly reply to requests for remark, whereas the White Home didn’t remark. TikTok declined to remark.