The news: TikTok has received another 75-day extension to strike a US deal that would require parent company ByteDance to divest its US TikTok operations after President Donald Trump declared he would sign an executive order “to keep TikTok up and running,” per CNBC.
- Trump made the announcement on his Truth Social account, claiming that the deal “requires more work to ensure all necessary approvals are signed.”
- “An agreement has not been executed” and “there are key matters to be resolved,” a ByteDance spokesperson told CNBC. ByteDance also mentioned that any agreement is subject to approval under Chinese law.