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President Trump extends TikTok deadline, giving ByteDance more time to divest US assets.
US President Donald Trump has said he will extend the deadline for ByteDance, the Chinese owner of TikTok, to divest its US assets if no deal is reached by June 19. TikTok, with 170 million American users, faces scrutiny over national security concerns, leading to negotiations for a spin-off of its US operations into a new entity owned by US investors. Trump has granted two previous reprieves from a mandated ban on the app.
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