TikTok has filed a petition in the U.S. Court of Appeals calling for a review of actions by the Trump Administration’s Foreign Investment Committee (CFUIS). The reason for the company is that it hasn’t heard from the committee in weeks about an impending deadline for the sale of U.S. assets by parent company ByteDance due to national security concerns.
The CFIUS set the November 12 deadline for TikTok to move from “any tangible or intangible asset or real estate, wherever it is, to enable or support the operation of the TikTok application in the US by ByteDance “, Can separate. TikTok has requested an extension of 30 days, which was provided for in the CFIUS order, but has not received any notification on this matter. It is not clear what would actually happen if the deadline had passed. TikTok was issued an injunction against TikTok late last month.
“TikTok has been working actively with CFIUS for a year in good faith to address its national security concerns, even if we disagree with its assessment,” said TikTok in a statement The edge. “In the nearly two months since the President tentatively agreed to our proposal to address these concerns, we have offered detailed solutions to finalize this agreement. However, we have not received any substantial feedback on our comprehensive data protection and security framework. “
“In view of the constant new inquiries and the uncertainty about whether our proposed solutions will be accepted, we have requested the extension of 30 days, which is expressly permitted in the order of August 14,” the statement continues. “Today, with the November 12th CFIUS deadline imminent and with no extension, we have no choice but to file a motion to court to defend our rights and those of our 1,500+ employees in the United States. We continue to seek to work with the administration to resolve the issues that have been raised. However, our legal challenge today is to make sure these discussions can take place. “
ByteDance agreed to sell part of its U.S. business in a complicated deal, including Oracle and Walmart, which President Trump approved in September. But the deal was never approved by the Chinese government and has been pending since then.
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