TikTok Gets 15-Day Extension on Divestment Plan, Treasury Says
Also Read: TikTok Avoids Shutdown, Commerce Department Won't Enforce DeadlineThe extension also comes a day after the Commerce Department said it wouldn’t enforce a separate November 12 deadline that would’ve effectively pulled TikTok from app stores on Apple and Google devices.TikTok’s divestment plan will require approval from the Committee on Foreign Investment in the United States, or CFIUS.“This extension will provide the parties and the Committee additional time to resolve this case in a manner that complies with the Order,” Treasury spokesperson Monica Crowley said in a statement.In September, TikTok reached a deal for Oracle to become its “trusted technology provider” in the U.S.