President Donald Trump in January unilaterally extended the sale deadline from January 19 to April 5 by postponing enforcement of a law passed last year that requires ByteDance to sell a majority stake to U.S. owners or face a ban on the app in the United States.
extend that deadline
“This non-enforcement of the TikTok ban was not only unlawful but also raised serious questions about TikTok’s future,“ wrote Senators Ed Markey, Chris Van Hollen and Cory Booker, urging the president to back legislation extending the deadline to October.
The White House and TikTok did not immediately respond to requests for comment.
The plan entails spinning off a U.S. entity for TikTok and diluting Chinese ownership to avert a
The fate of the app, used by 170 million Americans, has remained uncertain for months.
The law, passed last year with broad bipartisan support, reflects concern in Washington that Beijing could use the app to conduct influence operations against the United States.
Reuters and others reported in January that the Trump administration was working on a plan that would involve tapping software giant Oracle and some existing ByteDance investors to take control of the app's operations.
They also want to know if news reports are accurate that say the White House “is considering a potential deal with Oracle under which Oracle would take a stake in TikTok” and provide security for TikTok’s user data.
Trump said earlier this month his administration was in touch with four unidentified groups about a prospective TikTok deal.
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