India, April 5 -- US President Donald Trump on Friday signed an executive order extending the deadline for the sale of TikTok's operations in the country by another 75 days.
While ByteDance now has until June 19 to reach a deal, a report by the Associated Press suggested that an agreement was already in place on Wednesday but collapsed after Trump announced wide-ranging reciprocal tariffs, including against China.
The deal would have seen the app's operations being spun off into a new company based in the US and owned and operated by a majority of American investors, with ByteDance maintaining a minority position, the report said, quoting sources.
ByteDance representatives reportedly called the White House on Thursday to indicate that ...
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