TikTok Asks DC Circuit To Block Trump's Divestment Order
Law360 (November 10, 2020, 11:41 PM EST) -- TikTok parent ByteDance asked the D.C. Circuit on Tuesday to review a Trump administration order that could force the parent to divest the popular Chinese-owned video-sharing app by Thursday, noting that it is in the middle of negotiations with Oracle and Walmart and has gotten mixed information from the administration.
TikTok Inc. and ByteDance Ltd. said that on Friday they submitted a fourth mitigation proposal to the Committee on Foreign Investment in the United States, aimed at easing the committee's concerns over the safety and security of user data through a deal involving Walmart and Oracle.
"To allow time to negotiate...
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