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ByteDance: No Deal Reached to Sell TikTok on Many Divergences Over Key Issues
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US President Donald Trump extended the grace period for the TikTok ban for another 75 days. The Company is still in talks with the US government and has not reached any agreement, TikTok's parent company, ByteDance, issued a statement on its official Weibo account saying. The two parties are still at odds over a number of key issues. Pursuant to Chinese law, any agreement must go through a review process. A deal to spin off TikTok's US assets was put on hold China didn't approve it after Trump announced reciprocal tariffs, Reuters earlier quoted insiders as saying. AAStocks Financial News |
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