The US government has approved TikTok’s execution.
The US Department of Commerce said Thursday that it will comply with the October 30 temporary ban, which will prevent the government from effectively shutting down TikTok.
Earlier this week, TikTok filed a complaint with the U.S. Court of Appeals, asking the DC Circuit Court to seek clarity about its future. TikTok’s parent company ByteDance agreed to sell 20% of TikTok Global to Walmart and Oracle, while making Oracle a “trusted technology partner”
The U.S. Department of Commerce’s order did not resolve CFIUS’s order for TikTok to sell its U.S. assets. Instead, it reiterated that TikTok can continue to operate in the United States.
TikTok continues to wait for more government guidance on how to conduct minority stake sales. President Donald Trump agreed to this agreement in August. But the deal was never approved by the Chinese government, and Trump administration officials kept silent on their demands in the weeks leading up to the election.