TikTok unlikely to meet Donald Trump’s September deadline to shut up shop
The US president has said if a deal is not done by the specified date, he will shut down the Chinese video app
New York — It is looking increasingly likely that TikTok will not be able to sell its US operations by the mid-September deadline imposed in an executive order issued by US President Donald Trump in August. But that doesn’t mean the video app beloved by tens of millions of teens will go dark overnight.
Trump on Thursday said he wouldn’t extend a September 20 deadline for a deal. But ByteDance, TikTok’s Chinese owner, may need more time to negotiate with suitors after new regulations from Beijing complicated the deal. The president has said if a deal isn’t done by the specified date then he’ll shut down TikTok...
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