TikTok granted 15-day extension to reach deal with U.S. buyers

The U.S. government on Friday granted popular video-sharing app TikTok a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed.

This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from November 12 to November 27.

Treasury Spokesperson Monica Crowley said in a statement that this extension will give the parties and the Committee on Foreign Investment in the United States (CFIUS) additional time to resolve this case in a manner that complies with the president's order.

(With input from Xinhua)