The United States has extended the deadline for the sale of popular social media app TickTalk by Chinese company Byte Dance by seven days.
In September, the US government announced that it would ban tick-tock talk in the United States from November 12, against which a US court had issued a restraining order.
Read More:The United States has given Tik Tok a November 27 deadline to sell
But on November 12, the Commerce Department Committee on Foreign Investment (CFIUS) extended the tick-tock period by 15 days to 27 November.
The deadline was set to expire on Friday, but according to a statement submitted to the court, the company is being given another seven days and Byte Dance must now sell its app’s US operations by December 4.
TuckTalk agreed to a partnership agreement with Oracle and Wal-Mart in September, but so far it has not been finalized.
Tik Tak has declined to comment.
A US Treasury Department spokesman said the extension was due to a review of a recent offer.
Bite Dance made the offer after November 10, after submitting four proposals to the US government, aimed at allaying US concerns about the deal with Oracle and Wal-Mart.
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It is to be noted that the court issued a restraining order against the presidential order of the US President to ban Tik Tak, but the condition of selling the app under the executive order of the President dated August 14 has not been removed.
According to a report this month, the US government has also clarified that due to the legal complications until the defeat of Donald Trump and the inauguration of a new president, tick talk cannot be banned immediately and the government will follow the court decision.
According to technology website TechCrunch, the US Department of Justice and Commerce made it clear after the November 12 deadline that tick talk could not be banned immediately.