TikTok Sale Deadline extended for 75 Days
President Trump has announced that he is extending the sale deadline for TikTok by 75 days. The reason given was the need for more time to hash out a deal that would allow the social media platform to continue to operate in the United States.
ByteDance, the Chinese company that owns TikTok, must find a non-Chinese buyer for the app or it will be banned under a law passed in 2024. The original sale date was extended to April 5 by President Trump by executive order on his first day in office. The app had gone dark just before that executive order but was later restored.
While there have been numerous rumors and reports of interested buyers, ByteDance released this statement today:
ByteDance has been in discussion with the U.S. Government regarding a potential solution for TikTok U.S. An agreement has not been executed. There are key matters to be resolved. Any agreement will be subject to approval under Chinese law.
While a bit off the path for our site, the platform has about 170 million users in the US and has become a growing community and platform to promote comic books and tabletop games.
The administration had previously stated it had confidence a high-level agreement would be in place by the deadline.
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