President Donald Trump has extended the deadline for ByteDance to divest TikTok’s U.S. business, marking the fourth extension, according to CNBC. The move delays enforcement of a national security law that would have banned TikTok in the U.S. until December 16th. A framework deal is in place for about 80% of TikTok’s U.S. operations to be owned by an investor group including Oracle, Silver Lake, and Andreessen Horowitz. The deal would require existing U.S. TikTok users to transition to a new app. Bessent said Tuesday that Trump’s willingness to let TikTok “go dark” pushed China to accept a deal that had been commercially finalized since spring but stalled due to Trump’s aggressive trade policies. A senior White House official stated that any specifics about the TikTok framework are speculative unless formally announced by the administration. TikTok did not respond to CNBC's request for comment.
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