US plan to ask TikTok to sell its assets in United States has been ‘indefinitely shelved’

The United States had previously asked TikTok to sell its assets in the United States. According to information, the US plan to ask TikTok to sell its assets in the United States has been ‘indefinitely shelved’.

The representative of TikTok parent company Bytedance Discussions with US national security officials continue. In September last year, Trump stated that unless TikTok sells its assets in the United States, it will ‘ban TikTok‘ before November 12, 2020, but this executive order was also suspended by the US Federal District Court.

In December last year, the U.S. District Court for the District of Columbia ruled to suspend the implementation of the U.S. Department of Commerce’s trading ban on TikTok. A person familiar with the matter said that the negotiation between the US Committee on Foreign Investment and TikTok is still going on.

In the future, TikTok may manage data through a trusted third party, but this does not require direct sales. US National Security Council spokesperson Emily Horn announced that we plan to develop a comprehensive approach to protect US data in response to the various threats we face.

(Via)