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TikTok Deal Makers Await Court Ruling on U.S. Ban

  • WASHINGTON—Plans to turn Chinese-owned TikTok into a U.S. company are in a holding pattern as a federal judge considers blocking Trump administration action that would effectively force a sale of the video-sharing app to U.S. investors, according to people familiar with the matter.
  • TikTok and the U.S. government are still pursuing a deal, but the outcome of the legal case could determine whether TikTok is forced to sell its U.S. operations as a part of that deal and how a sale would be structured, according to the people familiar with the matter.
  • The judge will next consider TikTok’s request for an injunction that would prevent the U.S. government from barring U.S. companies from providing web-hosting or content delivery services to TikTok starting Nov. 12.

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