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Outcome of ByteDance's TikTok divestment by January 19, 2025?
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Resolution / Starting Odds
Divestment completed • 25%
Extension granted • 25%
No action taken • 25%
TikTok banned • 25%
Official announcements and credible news reports on the divestment status
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
Sold to a U.S. company • 25%
Sold to a non-U.S., non-Chinese company • 25%
No sale completed, TikTok banned • 25%
Extension granted • 25%
ByteDance sells to a US company • 25%
ByteDance sells to a non-US company • 25%
ByteDance does not sell • 25%
Other outcome • 25%
Divestment Completed • 25%
Divestment Announced • 25%
No Divestment • 25%
Extension Granted • 25%
Divestiture completed • 25%
Divestiture announced but not completed • 25%
No divestiture • 25%
Legal challenge delaying divestiture • 25%
TikTok banned • 25%
ByteDance divests • 25%
Supreme Court blocks ban • 25%
Other outcome • 25%
Complete divestment • 25%
Partial divestment • 25%
No divestment • 25%
Extension granted • 25%