TikTok Misses US Deadline For Sale Without Punishment
"After months of wrangling, proposals, court rulings and a few extensions, a deadline set by the Trump Administration's Treasury Department mandated a sale for TikTok by December 4th," remembers Engadget. But that's not what happened. "Instead, Bloomberg and Reuters report, based on anonymous sources, that the Chinese company and the US government will continue negotiations." Bloomberg reports: While the deadline has been extended multiple times, TikTok isn't expected to receive a new one, said the people, who asked not to be identified because the decision isn't yet public... The U.S. Treasury Department told TikTok and Chinese parent company ByteDance Ltd. that they won't face a fine or other punishment for missing the deadline because the sides are still negotiating. The deal, which has been in the works for months, is close to being finished, and the administration is eager to complete it before President-elect Joe Biden takes office on Jan. 20, according to one of the people.
from Slashdot https://ift.tt/3qviF8r
Read more of this story at Slashdot.
from Slashdot https://ift.tt/3qviF8r
0 Response to "TikTok Misses US Deadline For Sale Without Punishment"
Post a Comment