Tiktok is running out of time to conduct its U.S. activities and has ruled out the possibility of extending President Donald Trump’s term. On Thursday, Sept. 10, Trump (via CNN) told a group of reporters before boarding Air Force One that it would be banned if Tiktok did not protect any U.S. buyers before the upcoming deadline.
“We will either stop the tick in this country or sell it for security reasons. The tick-tipped deadline will not be extended, ”Trump said.
The Trump administration’s deadline itself remains an open question due to multiple opposition announcements and statements. The deadline was further complicated by a subsequent order signed by Trump on August 14 that extended the deadline to mid-November. However, Trump made it clear yesterday that TickTock has until September 15 next week to finalize the deal.
We reached out to TickTock for a comment and we’ll update the story when we hear.
TickTock’s efforts to conduct its activities in the United States and a team from other countries have been blocked for the past few weeks. Recently, negotiations to acquire U.S. operations in Tiktok have reportedly come under further critical scrutiny as it has shaken up bidders to determine ways to comply with China’s updated export rules.
Earlier this week, a Bloomberg report claimed that TickTock was unlikely to complete a scheduled review and approve the deal with any of the potential parties – Microsoft and Oracle – ahead of time.
Last month, Tiktok filed a lawsuit against the Trump administration alleging breach of due process security, and the video app filed a lawsuit alleging it did not provide any evidence in support of its claim that it posed a national security threat.
Tiktok, a China-based startup owned by Bidentance, said in a statement at the time, “The Trump administration has ignored our extensive efforts to address its concerns, which we have conducted with complete and honest faith.” “We do not sue the government lightly, but we feel we have no choice but to take action to protect our rights and the rights of our communities and employees.”