The deadline for ByteDance to divest its popular video sharing app TikTok has been pushed back one week to Dec. 4, the Treasury Department said Wednesday.
The deadline was set for Friday after a previous 15-day extension. It was delayed again as the Committee on Foreign Investment in the United States (CFIUS) reviews a “revised submission” it recently received, a Treasury spokesperson said in a statement.
President Trump signed an executive order in August calling for Beijing-owned ByteDance to sell the app to an American company or have the app banned in the U.S. Trump’s order targeting TikTok alleged the company posed a threat to national security, which TikTok has denied.
TikTok filed a petition asking the court to extend the deadline of the divestiture earlier this month, arguing it was necessary since the company had yet to hear a final decision about a proposed deal the president tentatively approved in September.
The deal would establish a U.S.-headquartered TikTok Global with partial U.S.-based owners, Oracle and Walmart.
In addition to calling for ByteDance to sell TikTok, the Trump administration has also sought to ban the app from being downloaded in U.S. app stores. The effort to force the app’s removal has been temporarily blocked in court.
A spokesperson for TikTok was not immediately available for comment.