Earlier, the trump administration has given byte skipping a 15 day extension to expire on Friday in response to an administrative order issued in August. Tiktok said the latest deadline for the executive order is December 4. Under pressure from the US government, byte hopping has been negotiating for months to finalize deals with Wal Mart and Oracle to transfer TikTok US assets to a new entity. The Treasury did not immediately comment on Wednesday.
A person familiar with the matter, who declined to give details, said byte hopping had submitted a new proposal to address U.S. government security concerns. The company disclosed on November 10 that it had submitted four proposals, including one in November, which sought to address us concerns by creating a new entity, wholly owned by Oracle, Wal Mart and byte hop American investors, and responsible for processing tiktoks U.S. user data and content auditing..
According to tiktoks previous complaint, the proposal submitted by tiktok in November was actually a US agent operation scheme, but it was not accepted by the US side. It is understood that after tiktok sued the U.S. government again on November 10, the two sides returned to the negotiation on the agent operation scheme.
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Tiktok sale order extended for another 7 days_ NF4368