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ByteDance gets 15-day extension from U.S. order to divest TikTok: company

TikTok said it now has until Nov. 27 to reach an agreement, it has been in talks for a deal with Walmart and Oracle

Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell the short video sharing app TikTok by Thursday, the company said in a court filing Friday.

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TikTok said it now has until Nov. 27 to reach an agreement.

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ByteDance has been in talks for a deal with Walmart and Oracle to shift TikTok’s U.S. assets into a new entity. The U.S Treasury did not immediately comment on Friday.

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