In recent months, the Trump administration carried out an executive order that forced the sale of the short video app TikTok in regards to its operations in the US It was not long until, after fruitful negotiations, the best Bidders will end up being Oracle and Walmart. In this way the sale was arranged, and after many delays, as confirmed Reuters, the Trump administration has given what appears to be a final seven-day extension for the app to be transferred to its new owners.
This extension was made official by a court decision, ending in establishing the new deadline as December 4. Under pressure from the US government, apparently for national security reasons, ByteDance's assets would end up being assigned to a new entity. However, TikTok preferred not to comment on the decision and instead made a new proposal, which was declined.
A representative from the US state treasury said the extension was granted to examine a criticized section of the document containing the deal. Incidentally, ByteDance had stated on November 10 that it had previously submitted four extension requests that sought to address the concerns of the US government by creating a new entity wholly owned by Walmart and Oracle tasked with managing the data of US TikTok users.