Skip to content
Subscriber Only

Trump Team Eyes Giving TikTok Owner More Time to Plan Sale

  • Extension decision hasn’t yet gone to the president for action
  • Beijing needs to sign off on any deal for TikTok U.S. assets
     
Photographer: Hollie Adams/Bloomberg
Updated on

The Trump administration is considering whether to give more time to TikTok’s Chinese owners to arrange a sale of the popular video-sharing app’s U.S. operations to an American buyer, according to people familiar with the matter.

TikTok’s owner ByteDance Ltd. is likely to miss President Donald Trump’s publicly stated deadline of Sept. 15 for the company to strike a deal to divest its U.S. operations after new Chinese regulations complicated negotiations with bidders Microsoft Corp. and Oracle Corp., Bloomberg News reported Thursday.