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US government won’t extend the deadline for a TikTok deal, but negotiations continue – edition.cnn

By Brian Fung, CNN Business Updated 0409 GMT (1209 HKT) December 5, 2020 (CNN Business)- The US government will not extend the Dec. 4 deadline for TikTok’s Chinese parent to sell off the social media app, but it will also decline to enforce the executive order requiring the sale, according to a person familiar with the matter. The move will allow negotiations between TikTok and US officials to continue. TikTok has been hammering out the details of a proposed deal with the US government to resolve allegations that the app poses a spying threat. TikTok and its Chinese parent, ByteDance, proposed a deal earlier this year that would bring in US investors such as Oracle and Walmart. President Donald Trump has tentatively blessed the proposal, but it has not been formally approved by the C...