WASHINGTON (Reuters) – The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday.
TikTok said it now has until Nov. 27 to reach an agreement.
ByteDance has been in talks for a deal with Walmart Inc <WMT.N> and Oracle Corp <ORCL.N> to shift TikTok’s U.S. assets into a new entity. The U.S Treasury did not immediately comment on Friday.
(Reporting by David Shepardson; editing by Jonathan Oatis)
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