×
30 268
Fashion Jobs
ROSS STORES
Store Protection Specialist
Permanent · Zephyrhills
ROSS STORES
Store Protection Specialist
Permanent · Roswell
ROSS STORES
Store Protection Specialist
Permanent · Omaha
ROSS STORES
Store Protection Specialist
Permanent · Stafford
ROSS STORES
District Manager
Permanent · Lexington
ROSS STORES
Coordinator, Human Resources (Recruitment & Reporting)
Permanent · New York
ROSS STORES
Store Protection Specialist
Permanent · Los Angeles
H&M
h&m Retail Flagship Visual Manager
Permanent · Los Angeles
JCPENNEY
HR Business Partner - Chicago
Permanent · Peru
PACSUN
Product Manager (Men's Bottoms)
Permanent · Anaheim
PACSUN
Product Manager (Women's Bottoms)
Permanent · Anaheim
PVH
Manager, Packaging & Trim (Raw Materials) - Calvin Klein
Permanent · New York
ADIDAS
Project Manager, Human Resources
Permanent · Portland
MACY'S
Senior Analyst, Stores Finance
Permanent · New York
L'OREAL GROUP
Digital Marketing Manager
Permanent · St. Petersburg
L'OREAL GROUP
Packaging Operator ii- up2 3rd Shift
Permanent · North Little Rock
BLOOMINGDALE'S
Asset Protection Visual Security Officer
Permanent · Newton
NORDSTROM INC
Loss Prevention Security Ambassador Destiny Usa Rack
Permanent · Syracuse
NORDSTROM INC
Loss Prevention Security Ambassador Scottsdale Fashion Square
Permanent · Scottsdale
NORDSTROM INC
Senior Business Analyst, Consumer Research & Insights
Permanent · Seattle
NORDSTROM INC
Loss Prevention Security Ambassador City Center Rack
Permanent · White Plains
NORDSTROM
Loss Prevention Security Ambassador Downtown Seattle- Earn up to an Addt’l $4 Per Hour Thru 1/2/21
Permanent · Seattle
By
Reuters API
Published
Nov 15, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ByteDance gets 15-day extension from U.S. order to divest TikTok

By
Reuters API
Published
Nov 15, 2020

The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app by Thursday.


Reuters


TikTok first disclosed the extension earlier in a court filing, saying it now has until Nov. 27 to reach an agreement. Under pressure from the U.S. government, ByteDance has been in talks for a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity.

The Treasury Department said on Friday the Committee on Foreign Investment in the United States (CFIUS) granted the 15-day extension to “provide the parties and the committee additional time to resolve this case in a manner that complies with the Order.”

ByteDance filed a petition on Tuesday with the U.S. Court of Appeals for the District of Columbia challenging the Trump administration divestiture order.

ByteDance said on Tuesday CFIUS seeks “to compel the wholesale divestment of TikTok, a multibillion-dollar business built on technology developed by” ByteDance and based on the government’s review of the Chinese company’s 2017 acquisition of Musical.ly.

President Donald Trump in an Aug. 14 order had directed ByteDance to divest the app within 90 days.

The Trump administration contends TikTok poses national security concerns, saying the personal data of U.S. users could be obtained by China’s government. TikTok, which has over 100 million U.S. users, denies the allegations.

Trump has said the Walmart-Oracle deal had his “blessing.”

One big issue that has persisted is over the ownership structure of the new company, TikTok Global, which would own TikTok’s U.S. assets.

In Tuesday’s court filing, ByteDance said it submitted a fourth proposal last Friday that contemplated addressing U.S. concerns “by creating a new entity, wholly owned by Oracle, Walmart and existing U.S. investors in ByteDance, that would be responsible for handling TikTok’s U.S. user data and content moderation.”

Separate restrictions on TikTok from the U.S. Commerce Department have been blocked by federal courts, including transaction curbs scheduled to take effect on Thursday that TikTok warned could effectively ban the app’s use in the United States.

A Commerce Department ban on Apple Inc and Alphabet Inc's Google offering TikTok for download for new U.S. users that had been set to take effect on Sept. 27 has also been blocked.

© Thomson Reuters 2020 All rights reserved.

Tags :
Others
Media