In a recent move, U.S. President Donald Trump has extended the deadline for TikTok to comply with legislation that mandates the popular video-sharing platform either divest its American operations or face a ban, granting an additional 75 days for negotiations. On his Truth Social platform, Trump emphasized, "We do not want TikTok to 'go dark'" and expressed optimism towards finalizing a deal involving the Chinese-owned app, currently managed by ByteDance. This extension follows his initial deadline issued upon his inauguration in January, which was set to conclude imminently.
Trump Grants TikTok a New 75-Day Compliance Extension Amid Ongoing Sale Negotiations
Trump Grants TikTok a New 75-Day Compliance Extension Amid Ongoing Sale Negotiations
President Trump's updated deadline aims to prevent TikTok's shutdown in the U.S. while discussions for its sale continue.
ByteDance has acknowledged ongoing dialogues with the Trump administration while indicating that significant issues remain unresolved. A spokesperson noted that any agreement would require adherence to Chinese regulations, complicating the negotiations. The concerns surrounding TikTok at the governmental level largely stem from apprehensions regarding potential surveillance and manipulation by the Chinese government, sparking a bipartisan legislative push last year that resulted in the six-month ultimatum for ByteDance to sell its controlling interest.
As the deadline approaches, various companies have surfaced as potential buyers. Amazon has reportedly put forth a bid, alongside other interested parties, including billionaire Frank McCourt and his business partner Kevin O'Leary, as well as Reddit co-founder Alexis Ohanian. Major players like Microsoft, Blackstone, Andreessen Horowitz, and Perplexity AI are also keenly assessing their options regarding TikTok's future.
The situation remains fluid as Trump has made it clear that the administration is proactively engaging with multiple groups interested in a potential acquisition. Moreover, discussions around a prospective trade-off involving tariff relief from the U.S. in exchange for a faster TikTok sale approval from China may define next steps in these negotiations. In a statement, he remarked, "We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs," highlighting the intertwined nature of tech regulation and international trade dynamics.
As the deadline approaches, various companies have surfaced as potential buyers. Amazon has reportedly put forth a bid, alongside other interested parties, including billionaire Frank McCourt and his business partner Kevin O'Leary, as well as Reddit co-founder Alexis Ohanian. Major players like Microsoft, Blackstone, Andreessen Horowitz, and Perplexity AI are also keenly assessing their options regarding TikTok's future.
The situation remains fluid as Trump has made it clear that the administration is proactively engaging with multiple groups interested in a potential acquisition. Moreover, discussions around a prospective trade-off involving tariff relief from the U.S. in exchange for a faster TikTok sale approval from China may define next steps in these negotiations. In a statement, he remarked, "We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs," highlighting the intertwined nature of tech regulation and international trade dynamics.
