“The contract requires more work to sign all the necessary consents,” said Donald Trump, justifying the shift of the sales of the thicket. The deadline set by the US President in January was to expire on Saturday.
Donald explained that his administration was in contact with four different groups regarding a potential contract with Tiktok. However, he did not mention their names. “We don't want Tiktok to disappear,” added the leader.
Donald Trump has shifted the date of the sale of Tiktoka earlier
According to the Reuters agency, talks conducted by the White House about the future of Tiktok, which is used by about half of the Americans, focus around the plan, according to which the greatest investors from outside China in the mother company Bytedance are to increase their shares and take over American application operations.
The plan assumes the separation of an American entity for the thicket and reduction of Chinese shares below the threshold of 20 percent, required by US law. The biggest obstacle to any agreement regarding the activities of Tiktok in the USA is the consent of the Chinese government. Until now, Beijing has not pilled in public to permission to sell.
In January, the mobile social audiovisual platform was temporarily inaccessible in the US due to the upcoming date of entry into force of the Act on the ban on its activity, if it continues to owe Bytedance.
The day after its inauguration, Trump shifted the beginning of the Act on two and a half months, as a result of which Tiktok's activity was restored. The US president then admitted that he changed his mind about the Chinese application after he helped him acquire young voters.
