Audio By Carbonatix
TikTok has again been granted a last-minute extension to finalise a deal selling off its US business in order to avoid a ban.
Parent company ByteDance has been in talks for months with Walmart and Oracle about shifting TikTok's US assets into their hands.
It follows an August directive from President Trump to find a buyer within 90 days or be shut down.
TikTok sale deadline pushed back to December https://t.co/MEeUoxxIGU
— BBC News Technology (@BBCTech) November 26, 2020
The US government blamed national security concerns for the decision.
The Committee on Foreign Investment in the US (CFIUS) has now granted ByteDance a one-week extension to the previous 27 November deadline, which itself had been subject to several extensions.
CFIUS said it wanted time "to review a revised submission that the committee recently received".
ByteDance has previously offered four different plans as options.
It said in November that it had had no feedback from the US government for two months.
Now that Joe Biden has won the US election, TikTok will be keen to find out what his approach to Chinese firms working in the US will be. However, the president-elect has not yet clarified what his stance will be on TikTok's presence in the US.
Latest Stories
-
Côte d’Ivoire 2-0 Ghana: Sibo earns lowest mark as Boakye takes opportunity – Black Stars ratings
2 hours -
Stance considering autonomy under Moroccan sovereignty ‘could constitute most feasible solution’
2 hours -
AFCON 2027Q: Black Stars open campaign with defeat to Ivory Coast in Bouaké
3 hours -
From construction site to top of class: Daniel Doe emerges Legon’s best Computer Engineering student
3 hours -
Mahama: Peaceful political transitions prove democracy can work in Africa
3 hours -
“The law must work” – NDC rejects claims Salomey Baffoe’s bail denial is diversion from cocaine scandal
3 hours -
Police arrest two suspects over murder of Senegalese goalkeeper
3 hours -
TVET Service, Bank of Ghana explore partnership to boost skills development
4 hours -
Ghana TVET Service, OR Foundation partner to promote sustainable fashion
4 hours -
Achimota, Accra Academy, PRESEC Osu qualify for next stage of National Public Speaking Event
4 hours -
NCPTA challenges GES directive on PTA dues, cites High Court injunction
4 hours -
Majority opposes parliamentary probe into cocaine busts while investigations continue
4 hours -
Salomey Baffoe detention is a facade to divert attention from cocaine scandal – Weija-Gbawe MP
4 hours -
Francis-Xavier Sosu is doing well after GIMPA incident – Office
5 hours -
Deputy Minority Leader appeals to First Lady, Vice President over Salomey Baffoe’s detention
5 hours