No more time to sell TikTok’s US assets as deadline for Chinese owner passes – report

The US government will not offer ByteDance a further extension to complete the divestment of the US assets of its popular video sharing service TikTok, which was ordered by President Donald Trump in August, Reuters sources said.

The Chinese company is in talks with Walmart and Oracle on a deal, which would transfer ownership of its US operation to a new entity to comply with the Trump executive order. The US administration labeled TikTok a national security threat, claiming that it exposes personal data of American users to the Chinese government.

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