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Trump hasn’t made a final decision on the matter, he told NBC News on Saturday, but said that he’d “most likely” grant the extension to give ByteDance, the Chinese-based parent company that owns the, to sell to a non-Chinese buyer. A decision on that front wouldn’t be made until at least Monday when Trump is sworn in.
But to do so, the president must first prove there is “significant progress” on a path toward divestiture and that parties have “binding legal agreements to enable execution of such qualified divestiture during the period of such extension.” “We have seen the most recent statement from TikTok. It is a stunt, and we see no reason for TikTok or other companies to take actions in the next few days before the Trump Administration takes office on Monday,” Jean-Pierre said in a statement on Saturday.
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