US will delay the TikTok app store ban by a week over Oracle, Walmart deal
US Commerce Department announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc and Alphabet Inc's Google to remove the TikTok app for download
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Delay gives TikTok owner ByteDance, Oracle and Walmart time to finalize the deal.
WASHINGTON (Reuters) - The U.S. Commerce Department on Saturday announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc
The order said in "light of recent positive developments" and at U.S. President Donald Trump's direction the order will be delayed until Sept. 27 at 11:59 p.m. A person briefed on the matter said the delay gives TikTok owner ByteDance, Oracle and Walmart time to finalize the deal to create a new company called TikTok Global to handle TikTok's U.S. operations.
(Reporting by David Shepardson; Editing by David Gregorio)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Sep 20 2020 | 6:40 AM IST