TikTok Ban: Another Sale Deadline Looms

TikTok is once again counting down to a federal ban, unless some kind of a deal is struck by the end of the week. The popular social media app faces a Saturday deadline to sell itself to a buyer deemed fit by US officials or face being banned in this country. However, a lot could happen before then. Several potential bidders have made their interest known in recent months, and it's entirely possible that President Donald Trump could once again choose to extend the sale deadline. Trump was set to meet with members of his administration on Wednesday to discuss a possible deal that would set up a new TikTok ownership structure, The New York Times reported, citing a pair of anonymous sources familiar with the plan. The new ownership structure, the sources said, could include private equity firm Blackstone and the tech company Oracle. In his most recent public comments, Trump told the press on Air Force One late Sunday that "there's tremendous interest in TikTok." He added that he would ... Read full article.