TikTok is preparing to mount a legal challenge as early as Monday to President Donald Trump's executive order prohibiting transactions with the ...
TikTok is preparing to mount a legal challenge as early as Monday to President Donald Trump's executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, according to people familiar with the matter.
Trump issued an executive order on Aug. 14 that gave ByteDance 90 days to divest the U.S. operations of TikTok. ByteDance has been making progress in talks with potential acquirers, including Microsoft Corp and Oracle . Some of ByteDance's U.S. investors could also join the winning bid.TikTok's legal challenge pertains to an earlier executive order, which Trump issued on Aug. 6, the sources said.
It was not immediately clear which court TikTok plans to use to file its lawsuit. The company had previously said it was exploring its legal options, and its employees were also preparing their own lawsuit. TikTok's legal challenge would not shield ByteDance from having to divest the app. This is because it does not pertain to the Aug. 14 order on the sale of TikTok, which is not subject to judicial review.
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