Trump said his order will give TikTok's Chinese parent company another 75 days to sell its stake in the social media app or else be banned in the U.S.
TikTok may get banned again over the weekend unless it is sold. When will it be banned again? Who wants to buy TikTok? Here's everything to know.
US President Donald Trump has signed an executive order to allow TikTok to operate for an additional 75 days. This delay comes as trade tensions between the US and China continue. Trump said the deal to transfer TikToks ownership needs more time to receive final approvals.
President Donald Trump on Friday extended the deadline for TikTok to find a non-Chinese buyer or face a ban in the United States, allowing 75 more days to find a solution. "My administration has been working very hard on a deal to save TikTok,
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Nordot on MSNTrump delays TikTok sale-or-ban deadline for second timeUS President Donald Trump announced on Friday that he was once again delaying enforcement of the TikTok sale-or-ban law for 75 days. The deadline had been due to elapse on Saturday. Trump's decision means users in the United States will continue to have access to the popular Chinese video app for the time being.
Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,
Many questions remain about the state of a potential deal, but loyal TikTok users have reason to be optimistic. Several interested parties have raised their hands to potentially buy the app, and Trump has expressed a desire to help facilitate a deal and preserve access to the platform.
TikTok has just days to find a buyer in the United States or face a ban in the country. The White House on Tuesday indicated a deal may be close to done. NBC Bay Area business and tech reporter Scott Budman provides the latest in his video report above.
TikTok ban deadline looming as Amazon, AppLovin and more TikTok bids announced. Will Bytedance, Trump strike deal to save TikTok in US? What to know