Trump Expected to Sign Executive Order Extending TikTok "Ban or Sale" Deadline

BlockBeats News, April 5th, according to ABC News: Trump is expected to sign an executive order to extend the final deadline for TIKTOK's "ban or sale" (tomorrow).

BlockBeats previously reported, on April 3rd, according to the Financial Times, multiple sources familiar with the matter revealed that under the terms of the deal, a group of new external investors, including a16z, Blackstone Group, Silver Lake, and other large private equity firms, will own about half of TikTok's U.S. operations. These sources said that this U.S. business will be separated from its Beijing-based parent company ByteDance.