Enlarge / Trump speaks at Andrews Air Force Base on September 10, 2020, before boarding a flight for a campaign rally in Michigan. (credit: MANDEL NGAN/AFP via Getty Images)
ByteDance, the Chinese company that owns TikTok, is facing a looming September 15 deadline to sell its US operations or have them shut down by the Trump administration. On Thursday evening, President Trump told reporters that the deadline wouldn't be pushed back.
"We'll either close up TikTok in this country for security reasons, or it'll be sold," Trump said just before boarding a flight to Michigan. "I'm not extending deadlines. No. It's September 15. There will be no extension of the TikTok deadline."
Reports indicate that both Microsoft and Oracle have made offers for ByteDance's US operations. The problem is that the companies may not be able to appease the conflicting demands of the US and Chinese governments.
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