The Trump administration has granted a 15-day extension to its order calling for Beijing-owned ByteDance to divest the popular video-sharing app TikTok.<\/p>\n
The Committee on Foreign Investment in the United States (CFIUS) granted the extension on Friday, pushing the new deadline to Nov. 27, lawyers representing TikTok said in a court filing. The divestment order was set to take effect Thursday at midnight before the extension.<\/p>\n
The development comes days after TikTok filed a petition asking the court\u00a0to extend the deadline<\/a>\u00a0by 30 days, arguing it was necessary since the company had yet to hear a final decision about a proposed deal\u00a0President Trump<\/a>\u00a0tentatively approved in September.<\/p>\n The proposal would establish a U.S.-headquartered TikTok Global with partial U.S.-based owners, Oracle and Walmart.<\/p>\n Trump signed an executive order in August calling for ByteDance to sell the app to an American company or have the app banned in the U.S.<\/p>\n The executive order targeting TikTok alleged the company posed a threat to national security. TikTok has denied such allegations.<\/p>\n","protected":false},"excerpt":{"rendered":" The Trump administration has granted a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-29166","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29166"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29166\/revisions"}],"predecessor-version":[{"id":29167,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/29166\/revisions\/29167"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}