20 hours ago
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TikTok's 75-day grace period in which it needed to sell its US operations or get banned would have ended tomorrow, but today US President Donald Trump decided to give the app another 75-day reprieve.
In a post on Truth Social, Trump says his administration has been "working very hard on a deal to save TikTok" and "made tremendous progress" - but not enough progress, it seems, for another reprieve not to be needed.
Anyway, the deal apparently "requires more work to ensure all necessary approvals are signed", and Trump hopes to continue "working in good faith with China" regarding the deal. He once again reiterates that he doesn't want TikTok to "go dark".
Multiple groups and companies have at least expressed interest in buying TikTok's US operations, including Amazon most recently, but none of them have apparently managed to come to a deal that satisfies the US administration, ByteDance (the owner of TikTok), and the Chinese government.
English (US)