The move would allow negotiations between Ticket OK and US officials to continue.
The U.S. has been working to settle allegations that the app is a threat to espionage. The details of the proposed deal with the government are causing a stir. Ticket ok and its Chinese parent, Bitdance, proposed a deal earlier this year that would bring in US investors such as Oracle and Walmart. President Donald Trump has temporarily blessed the proposal, but it has not been formally approved by the Committee on Foreign Investments in the United States, a government panel chaired by the Treasury Department that analyzes foreign investment deals for the sake of national security.
Ticket ok or declined to comment.
In a statement, the Treasury said CFIS is teaming up with BitDance to complete the trend and other measures to eliminate national security threats arising from compliance with the President’s August 14 order. “
Despite the Dec. 4 deadline, the Trump administration will not try to impose any fines or other consequences on TicketNo right now, the person said. The person added that there has been little progress due to negotiations in recent weeks and only a few outstanding issues remain.
The retrieval was described as an open termination commitment, with no specific deadline for negotiations to be completed. But, the man said, the government is very motivated to end this and said the lack of a specific time frame shows the government’s confidence that the resolution is imminent.
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