Trump Extends TikTok Deadline Amid Sale Talks

U.S. President Donald Trump is poised to extend the existing deadline for a potential ban or sale of TikTok in America. This move follows ongoing negotiations regarding the future of TikTok’s U.S. presence. 50% ownership of the company, including its American operations, has been secured by new investors such as a16z, Blackstone Group, and Silver Lake Capital. This deal separates the US operations from ByteDance, TikTok’s parent company based in Beijing.