‘President Trump Does Not Want TikTok to Go Dark’: The TikTok Ban Deadline Was Extended Again. Here Are the Top Bidders.
There will be another 90 days to try and make a deal.
Despite Kevin O’Leary’s predictions that there wouldn’t be a third extension, the White House has announced it will extend the deadline for TikTok’s parent company, Beijing-based ByteDance, to sell or face a ban.
Last year, Congress passed a law requiring TikTok to separate from ByteDance or face a permanent ban in the U.S. After multiple extensions, the deadline would have been Thursday, June 19. Now, there will be another 90 days to try and make a deal.
The new deadline will be in mid-September, according to White House Press Secretary Karoline Leavitt, who made the .
“As he has said many times, President Trump does not want TikTok to go dark,” Leavitt said in a statement.
An executive order will be she noted.
The potential to own TikTok has attracted a slew of interested buyers, including a group called , which is made up of billionaire Frank McCourt, “Shark Tank” star O’Leary, and Reddit cofounder Alexis Ohanian.
There are also bids from AI startup , Oracle co-founder , mobile advertising company , and Amazon.
Despite Kevin O’Leary’s predictions that there wouldn’t be a third extension, the White House has announced it will extend the deadline for TikTok’s parent company, Beijing-based ByteDance, to sell or face a ban.
Last year, Congress passed a law requiring TikTok to separate from ByteDance or face a permanent ban in the U.S. After multiple extensions, the deadline would have been Thursday, June 19. Now, there will be another 90 days to try and make a deal.
The new deadline will be in mid-September, according to White House Press Secretary Karoline Leavitt, who made the .
“As he has said many times, President Trump does not want TikTok to go dark,” Leavitt said in a statement.
An executive order will be she noted.
The potential to own TikTok has attracted a slew of interested buyers, including a group called , which is made up of billionaire Frank McCourt, “Shark Tank” star O’Leary, and Reddit cofounder Alexis Ohanian.
There are also bids from AI startup , Oracle co-founder , mobile advertising company , and Amazon.
