TikTok owner ByteDance has been granted a seven-day extension on an order from the Trump Administration to sell the short-form video sharing platform (via Reuters).
The administration had previously granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Trump on August 14 directed ByteDance to divest the app within 90 days.
According to a court filing on Wednesday, however, the Chinese company now has a new deadline of December 4 to sell TikTok to a domestic U.S. company.
ByteDance has also reportedly offered the U.S. government a new proposal aimed at addressing its concerns, a person briefed on the matter told Reuters.
ByteDance remains in protracted talks with Walmart and Oracle on a deal that would divest it of the social media app and create a new U.S.-based company called TikTok Global.
In September, a federal judge granted TikTok a preliminary injunction that temporarily halted an order from the Trump Administration that would have banned new
