Author: Jay Peters
Illustration by Alex Castro / The Verge
The Trump administration won’t enforce its own deadline for ByteDance to sell or spin out video-sharing platform TikTok’s business in the US, according to Bloomberg.
The latest deadline for that move, given by the Committee on Foreign Investment in the United States (CFIUS) on November 28th, was today, December 4th. An extension isn’t expected, though the current deadline will “be overlooked while the discussions continue” between the Trump administration and TikTok, Bloomberg reports.
CNN tech reporter Brian Fung is corroborating that the US won’t enforce its own deadline, with his sources amusingly suggesting that the lack of a deadline is proof that the US is “highly motivated” to complete talks about the sale.
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Illustration by Alex Castro / The Verge
The Trump administration won’t enforce its own deadline for ByteDance to sell or spin out video-sharing platform TikTok’s business in the US, according to Bloomberg.
The latest deadline for that move, given by the Committee on Foreign Investment in the United States (CFIUS) on November 28th, was today, December 4th. An extension isn’t expected, though the current deadline will “be overlooked while the discussions continue” between the Trump administration and TikTok, Bloomberg reports.
CNN tech reporter Brian Fung is corroborating that the US won’t enforce its own deadline, with his sources amusingly suggesting that the lack of a deadline is proof that the US is “highly motivated” to complete talks about the sale.
Continue reading…
Continue reading...