9/28, 5:53 AM (Source: TeleTrader)
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TikTok aims to continue takeover talks with US govt

The video-sharing app TikTok welcomed the decision made by United States District Judge Carl Nichols who temporarily halted Washington's order to ban the app downloads in the US, adding it will look to continue talks with the Trump administration in an attempt to reach an agreement on a takeover of its US business.

"We're pleased that the court agreed with our legal arguments and issued an injunction preventing the implementation of the TikTok app ban," the company said.

Though the judge blocked the Trump administration's effort to stop TikTok's downloads from app stores in the US, he opted not to annul the US Commerce Department's ban that is set to fully shut down the ByteDance-owned app in the country on November 12 if no takeover deal is reached by then.

Breaking the News / GA