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View all search resultsThe new deadline is Dec. 4, TikTok said in the filing. Under pressure from the US government, ByteDance has been in talks for months to finalize a deal with Walmart Inc and Oracle Corp to shift TikTok’s US assets into a new entity.
The US Treasury Department said on Wednesday it wants a resolution of national security risks it has raised over ByteDance’s 2017 acquisition on Musical.ly, which it then merged into the TikTok video-sharing app.
ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a US Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
TikTok won a last-minute reprieve as a US federal judge halted enforcement of a politically charged ban ordered by the Trump administration on downloads of the popular video app, hours before it was set to take effect.
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