Trump will give the investors and ByteDance 120 days to finalize a deal.
The TikTok logo and the US flag are seen on screens in Hong Kong, on Jan. 18, 2025. Anthony Kwan/Getty Images
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U.S. cloud company Oracle will oversee the code and security of TikTok, a senior White House official said on Sept. 22.
President Donald Trump is set to sign an executive order this week that will extend the TikTok divestiture deadline for 120 days, by the end of which the administration expects the joint venture deal for TikTok to be concluded.
Catherine Yang is a reporter for The Epoch Times based in New York.
