Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Appeals court schedules Dec. 14 hearing on blocked U.S. TikTok new user ban

12/02/2020 | 02:57pm EST
FILE PHOTO: A 3D printed TikTok logo is placed on a keyboard in front of U.S. flag in this illustration

WASHINGTON (Reuters) - A federal appeals court said on Wednesday it will hear oral arguments on Dec. 14 on the government's appeal of an order that blocked a ban on Apple Inc and Alphabet's Google offering TikTok for download in U.S. app stores.

U.S. District Judge Carl Nichols in Washington on Sept. 27 blocked the Commerce Department order hours before it was to prohibit new downloads of the Chinese-owned short video-sharing app.

The appeals panel consists of Judge Judith Rogers, Patricia Millett and Robert Wilkins. All three were nominated by previous Democratic presidents.

The Trump administration last week extended to Friday a deadline for Chinese TikTok parent ByteDance to sell TikTok's U.S. assets. The Trump administration contends TikTok poses national security concerns as the personal data of U.S. users could be obtained by China's government. TikTok, which has over 100 million U.S. users, denies the allegation.

The administration previously granted ByteDance a 15-day extension of the order issued in August. President Donald Trump on Aug. 14 directed ByteDance to divest the app's U.S. assets within 90 days.

Under pressure from the U.S. government, ByteDance has been in talks for months to finalize a deal with Walmart Inc and Oracle Corp to shift TikTok's U.S. assets into a new entity.

ByteDance made a new proposal aimed at addressing the U.S. government's concerns, Reuters reported last week.

The U.S. Treasury said last week the extension was granted to review a recently received "revised submission."

ByteDance made the proposal after disclosing on Nov. 10 that it submitted four prior proposals, including one in November, that sought to address U.S. concerns by "creating a new entity, wholly owned by Oracle, Walmart and existing U.S. investors in ByteDance, that would be responsible for handling TikTok's U.S. user data and content moderation."

U.S. District Judge Wendy Beetlestone on Oct. 30 blocked another aspect of a Commerce Department order scheduled to take effect Nov. 12 that would have effectively barred TikTok from operating in the United States.

Beetlestone enjoined the agency from barring data hosting within the United States for TikTok, content delivery services and other technical transactions.

(Reporting by David Shepardson; Editing by Chris Reese and Dan Grebler)

By David Shepardson


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.61% 139.07 Delayed Quote.-0.50%
ORACLE CORPORATION -1.39% 60.36 Delayed Quote.-5.38%
WALMART INC. 1.02% 146.33 Delayed Quote.0.49%
Latest news "Economy & Forex"
04:24pIMF INTERNATIONAL MONETARY FUND : Reaches Staff-Level Agreement with Costa Rica on a Three-Year Extended Fund Facility and Completes 2021 Article IV Discussions sitecoreitem
PU
04:21pBiden wields executive power to tackle U.S. pandemic economic crisis
RE
04:21pBiden says we need to act 'decisively and boldly'
RE
04:20pEXCLUSIVE : Brazil's Vale, state government $2 billion apart on disaster settlement, source says
RE
04:15pEXCLUSIVE : Buyout firm TPG in lead for stake in AT&T's DirecTV - sources
RE
04:14pEXCLUSIVE : Buyout firm TPG in lead for stake in AT&T's DirecTV - sources
RE
04:03pTSX falls 0.33% to 17,857.81
RE
04:01pDow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
RE
04:01pFor the week, the s&p unofficially rose 1.94%, the dow unofficially added 0.59%, the nasdaq unofficially gained 4.19%
RE
04:00pBlackstone-backed Patria eyes expansion in Latam, Asia
RE
Latest news "Economy & Forex"