The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene.
TikTok's Chinese owner, ByteDance, has until Thursday to sell off its U.S. operations under an executive order that Trump signed in August.
Trump in September gave his tentative blessing to a ByteDance proposal meant to resolve US national security concerns by placing TikTok under the oversight of American companies Oracle and Walmart, each of which would also have a financial stake in the company. But TikTok said this week it's received "no clarity" from the U.S. government about whether its proposals have been accepted.
The deal has been under a national-security review by the interagency Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury Department. The Treasury Department didn't return emailed requests for comment this week.