US authorities gave ByteDance a 15-day extension to sell TikTok to an American buyer.
US authorities gave ByteDance a 15-day extension — which was originally set for November 12, 2020 — to sell TikTok to an American buyer.
This, as the White House had said that TikTok must become a United States firm controlled by American investors in order to avert the ban.
According to a court filing Friday, United States authorities had given ByteDance — the Chinese owner of TikTok — two additional weeks to divest the social media sensation to resolve national security concerns voiced by US President Donald Trump’s administration.
The Trump administration, which had claimed that TikTok could be used for Chinese espionage, had threatened to ban TikTok unless it’s sold to American investors. However, the ban had been challenged in the courts.
READ ALSO: Trump To Act On Banning TikTok In US
The Commerce Department on Thursday (US time) said that it will delay the implementation of Trump’s policy to comply with a court order in favor of TikTok.
Trump administration had been challenged over its decision in at least two United States courts.
TikTok and ByteDance had filed suit in the capital, while TikTok “creators” had a separate case pending in a Pennsylvania court, which blocked the ban on October 30 2020.
It wasn’t until this week that United States officials said that they wouldn’t seek to enforce it, and the government at the same time said that it’s appealing the Pennsylavania order.
Trump and his aides had claimed that TikTok — which had some 100 million users in the United States — could be used to collect data on Americans for Chinese espionage, a claim which denied by the company.
For more news and updates, you may feel free to visit this site more often. You may also visit Newspapers.ph via official Facebook page and YouTube channel.