TikTok parent company and US continue to explore options as Trump’s ban date approaches

📆 10/09/2020 12:58:00
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ByteDance continues talks with the U.S. government in an attempt to reach a deal that will let TikTok continue operating in the U.S. – but the deadline is quickly drawing near.

The sale talks, which appeared imminent as August came to a close, apparently became complicated by the issue of. China's export restrictions on artificial intelligence technology could require its government approval for a deal to go through.

"ByteDance is in a race against the clock to find a solution with Chinese officials and get a deal inked, otherwise the plug could get pulled on TikTok in the U.S. which would be a draconian scenario with long lasting valuation/user implications down the road," he said.has filed a lawsuit

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