Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


US Not Extending TikTok Divestiture Deadline; Talks to Continue

Reuters

   WASHINGTON/NEW YORK - The Trump administration has chosen not to extend
   again an order requiring ByteDance, a Chinese company, to divest
   TikTok's U.S. assets, but talks will continue over the video-sharing
   app's fate, two sources briefed on the matter said.

   A Treasury Department representative said late Friday that the
   Committee on Foreign Investment in the United States (CFIUS) was
   "engaging with ByteDance to complete the divestment and other steps
   necessary to resolve the national security risks."

   Last week, CFIUS granted TikTok parent ByteDance a one-week extension
   until Friday to shed TikTok's U.S. assets.

   President Donald Trump's August order gave the Justice Department the
   power to enforce the divestiture order once the deadline expired, but
   it was unclear when or how the government might seek to compel
   divestiture.

   Trump's decision

   Trump personally decided not to approve any additional extensions at a
   meeting of senior U.S. officials, according to a person briefed on the
   meeting. The government had previously issued a 15-day and seven-day
   extension of the initial 90-day deadline, which was November 12, on
   Trump's order.

   The Justice Department did not immediately respond to requests for
   comment, while the White House did not comment. TikTok declined to
   comment.

   The Trump administration contends TikTok poses national security
   concerns because the personal data of U.S. users could be obtained by
   China's government. TikTok, which has more than 100 million U.S. users,
   denies the allegation.