Trump will extend the divestment deadline and give ByteDance and U.S. investors 120 more days to finalize a deal.
The TikTok logo in Tokyo, on Sept. 28, 2020. Kiichiro Sato/AP Photo
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President Donald Trump will sign an executive order approving a new TikTok U.S. joint venture on Sept. 25, a White House official told The Epoch Times.
The order will extend China-based ByteDance’s divestment deadline for 120 days, giving U.S. investors and ByteDance time to seek regulatory approvals and close a deal.
Catherine Yang is a reporter for The Epoch Times based in New York.
