Reported 1 day ago
President Trump announced that the enforcement of a US law requiring TikTok's parent company, ByteDance, to divest most of its assets may be extended, allowing negotiations with potential American buyers. Originally passed by former President Biden in April 2024, the law aims to address national security concerns related to Chinese ownership of the app. Trump emphasized the need for more time to finalize a sale and noted substantial American interest in acquiring TikTok.
Source: YAHOO