U.S. Senators Push for Extended Congressional Deadline in TikTok Sale

Three Democratic senators have urged the White House to seek congressional authority to extend ByteDance's deadline to sell TikTok, aiming to prevent a ban. The move could involve U.S. investors boosting their stakes to create a U.S. entity, reducing Chinese ownership. The app's fate remains uncertain.

Three Democratic senators have called on the White House, encouraging the pursuit of congressional approval to extend the deadline for ByteDance to divest TikTok. This move seeks to avoid a potential ban on the widely-used social media platform.

The Trump administration previously extended this deadline from January to April but now faces questions about another extension, possibly aiming for October. Senators Ed Markey, Chris Van Hollen, and Cory Booker are pushing for a legislative solution to resolve the app's uncertain future and address national security concerns.

While negotiations unfold, a proposed plan involves major U.S. investors increasing their stakes in ByteDance, creating a new U.S. entity for TikTok to mitigate Chinese control. Discussions about Oracle's involvement also remain on the table. The fate of TikTok, popular with 170 million American users, continues to hang in the balance.

(With inputs from agencies.)