From MSNBC.
BREAKING: President Donald Trump said that he will extend the deadline for TikTok’s owner to find a non-Chinese buyer by 75 days, averting what could have been another disruption to the app.
ByteDance, the Chinese company that owns TikTok, must find a non-Chinese buyer for the app or else it will be banned under a law passed in 2024. Trump had previously delayed the app’s ban via executive order on his first day in office, effectively giving ByteDance until April 5 — Saturday — to comply with the law.
Numerous prospective bidders have expressed interest in acquiring the popular social media platform from ByteDance, including e-commerce giant Amazon.
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