TikTok divestiture deadline extended by 15 days
The Committee on Foreign Investment in the US (CFIUS) has granted an extension to ByteDance until 27 November 2020 to divest in TikTok. The activities of TikTok in the USA are currently subject to several court proceedings – ByteDance is arguing at the Presidential Order imposing divestiture is illegal, ByteDance is fighting the Presidential Order to terminate all the support and functioning of TikTok in US, and the TikTok influencers have succeeded at a Federal Court in Pennsylvania which issued an injunction stopping the TikTok ban.
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