TikTok US Assets Sale Deadline: Trump Says There Will Be No Extension

"It'll either be closed up or they'll sell it," Trump told reporters before leaving for Michigan. "There will be no extension of the TikTok deadline."

By Reuters | Updated: 11 September 2020 09:50 IST

TikTok US Assets Sale Deadline: Trump Says There Will Be No Extension

ByteDance has been looking to pick a buyer to comply with Trump's order to divest

Highlights

TikTok is known for videos of people dancing, viral among teenagers
Republican Senator Hawly said he did not support a deadline extension
He was not supportive of an outcome that did not include a full sale

President Donald Trump said on Thursday the deadline set for Chinese company ByteDance to sell its popular short-video app TikTok's US assets would not be extended.

"It'll either be closed up or they'll sell it," Trump told reporters before leaving for Michigan. "There will be no extension of the TikTok deadline."

TikTok did not immediately respond to a request for comment.

TikTok Parent ByteDance to Hand Out Cash Bonuses to Staff Amid US Pressure

ByteDance has been looking to pick a buyer so it can finalise a deal by mid-September and comply with Trump's order to divest TikTok's assets.

TikTok is best known for videos of people dancing, which go viral among teenagers. But US officials have expressed concern that information on those who use the platform could be passed to Beijing. TikTok has said it would not comply with any request to share user data with the Chinese authorities.

Republican Senator Josh Hawley, a close ally of Trump, told Reuters earlier on Thursday he also did not support an extension of the deadline.

ByteDance in Talks With US to Avoid Selling TikTok: Report

Hawley said he was not supportive of an outcome that did not include a full sale.

Earlier this month, Reuters reported that TikTok's prospective buyers were discussing four ways to structure an acquisition from ByteDance, which include buying the app's US operations without key software.

"I'm sure there are any number of backdoors that are built into the code and of course ByteDance knows exactly what they are, so there needs to be a clean, clear, total separation," Hawley said.

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