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TikTok in talks with U.S. to avoid complete sale: report

President Donald Trump signed an executive order earlier this month that would bar TikTok's parent company, China-based ByteDance, from doing business with American businesses starting on September 20. (Dreamstime/TNS)
September 13, 2020

TikTok might be talking — but the clock’s ticking.

TikTok’s parent company, ByteDance, has entered a dialogue with the U.S. government about arrangements to avoid a complete sale of the app’s American operations, The Wall Street Journal reported Wednesday, citing unnamed sources.

The popular video app is caught in a showdown between two global superpowers after the U.S. moved to push ByteDance out of the country and Beijing revised rules that could complicate any sale.

The Trump administration has tagged TikTok as a security threat.

Monica Crowley, a spokesperson for the Treasury Department, said in a statement that the treasury “is focused solely at this time on discussions associated with the sale of TikTok,” according to The Wall Street Journal.

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TikTok didn’t immediately respond to a request for comment from the Daily News.

On Aug. 6, the White House issued a vague executive order meant to strangle transactions between people in the U.S. and ByteDance, setting a deadline for the app to find an American buyer by Sept. 20.

TikTok has taken the White House to court over the executive order.

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© 2020 New York Daily News