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Nov. 25, 2020, 6:57 p.m. EST

U.S. grants TikTok another extension for divesture deal

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By John D. McKinnon

WASHINGTON — Federal officials have granted TikTok and its Chinese parent ByteDance Ltd. a weeklong extension of a deadline for completing  a divestiture deal , in another delay of the Trump administration’s effort to turn the social-media app into an American company.

The extension to Dec. 4 was granted by the Committee on Foreign Investment in the U.S., known as Cfius, a federal panel that oversees cross-border mergers and acquisitions, lawyers for TikTok said in a filing in U.S. District Court in Washington on Wednesday.

In that case, the video-sharing app has challenged the legality of a Trump administration order requiring its shutdown if it isn’t sold.

A Treasury Department spokesperson said the one-week extension from a Nov. 27 deadline was granted “to allow time to review a revised submission that the Committee [Cfius] recently received.”

An expanded version of this report appears on WSJ.com.

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