ByteDance requested a US court halt an order compelling it to sell its TikTok unit in the country by 12 November to avoid a ban, claiming the move by the country’s administration was unlawful and restrictive.
The China-based company asked the US court of appeals to overturn a divestment order [1] issued by President Donald Trump and grant it “any further relief that may be appropriate”.
Describing the order as “an unconstitutional taking”, the company said the economic impact from such a move was “severe” as it “profoundly interferes with ByteDance’s reasonable investment-backed expectations, and it does not actually further the purported purpose of protecting national security”.
ByteDance said it also submitted a proposal on 6 November for a 30-day extension of the timeline to negotiate final terms of a deal to sell the US TikTok operation to Oracle and Walmart [2], but was awaiting a decision.
The company assured the court it was “committed to reaching a negotiated mitigation solution” to satisfy “national security concerns”, with the Committee on Foreign Investment in the United States overseeing the sale talks.
[1] https://www.mobileworldlive.com/featured-content/home-banner/trump-presses-ahead-with-tiktok-wechat-bans
[2] https://www.mobileworldlive.com/featured-content/home-banner/bytedance-to-keep-control-of-tiktok-in-us
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