ByteDance, the Chinese owner of TikTok, did not sell its US business under an executive order signed by Trump in August until Thursday.
Trump expressed his temporary blessings to the ByteDance proposal in September, which aims to solve the national security problem of the United States by placing TikTok under the supervision of the American companies Oracle and Walmart, which will also be owned by each company. Of financial shares. But TikTok said this week that the U.S. government has not “cleared” whether its proposal has been accepted.
The transaction has been reviewed by the Interagency Committee on Foreign Investment in the United States (CFIUS) led by the U.S. Department of the Treasury. A spokesperson for the Ministry of Finance said in a statement on Wednesday evening that the department is “still focused” on addressing the so-called national security risks posed by TikTok.
TikTok said in a written statement on Tuesday: “As the CFIUS deadline on November 12 approaches, and there is no extension, we have no choice but to file a petition to the court to defend us and our more than 1,500 in the United States. Rights of employees.”.
Trump cited concerns that if the app is still owned by China, the Chinese government may monitor TikTok users. TikTok denied that this is a security threat, but said it is still working with the government to resolve its concerns.
The company stated that the legal challenge is to “ensure the protection of these discussions.”
The Trump administration earlier tried to ban the app from the smartphone app store and deprive it of important technical services, but so far, federal judges have blocked these actions.
TikTok is now applying to the U.S. Court of Appeals for the District of Columbia Circuit Court to review Trump’s divestment order and the government’s national security review.
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