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Chinese government response to ByteDance divestment by January 19, 2025?
2
Resolution / Starting Odds
Support divestment • 25%
Oppose divestment • 25%
Remain neutral • 25%
Escalate tensions • 25%
Statements from the Chinese government or major international news reports
Story
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.
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Similar markets
Divests TikTok • 25%
Does Not Divest • 25%
Finds Alternative Solution • 25%
Awaiting Supreme Court Decision • 25%
ByteDance divests TikTok's U.S. assets • 25%
ByteDance does not divest TikTok's U.S. assets • 25%
ByteDance sells TikTok to a U.S. company • 25%
ByteDance retains TikTok through legal means • 25%
Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Extension Granted • 25%
Complete Sale • 25%
Spin-off • 25%
Joint Venture • 25%
Other • 25%
Complete divestment • 25%
Partial divestment • 25%
No divestment • 25%
Extension granted • 25%