Reports from major news outlets on ByteDance's compliance with the divestment order

Senators Urge Biden to Extend ByteDance's TikTok Divestment Deadline by 90 Days to January 19

Dec 20, 2024, 02:28 AM

Democratic Senator Ed Markey and Republican Senator Rand Paul have urged President Joe Biden to extend the January 19 deadline for China-based ByteDance to divest its U.S. assets related to the short-video app TikTok. The senators are requesting a 90-day extension, arguing that the current deadline requires ByteDance to sell its U.S. operations or face a potential ban. They noted that the law permits such an extension only if there is evidence of significant progress toward executing the divestiture, which they claim does not exist due to the Chinese Communist Party's refusal to allow ByteDance to proceed with the sale.