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What happens if deadline for sale of TikTok’s US business is missed?
- Sunday | 13th September, 2020
BEIJING (Reuters) – President Donald Trump said on Thursday that he does not plan to extend a deadline for ByteDance to sell TikTok’s US business, with the process still mired in uncertainty. The first order, banning US companies from transacting with the Chinese company or its subsidiaries, gave a Sept. 20 deadline. The second, with a deadline of Nov. 12, demands that Bytedance sell TikTok due to national security concerns. Then, on Aug. 6, Trump issued the executive order banning transactions with ByteDance and its affiliates in 45 days, effectively a Sept. 20 deadline. Reuters has reported the executive order could make advertising on the platform illegal and TikTok has been preparing advertisers for such an outcome.
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