The Commerce Department said on Saturday it would delay by one week an order that had been set to take effect late Sunday that would have forced Alphabet Inc"s Google GOOGL.O and Apple Inc AAPL.O to stop offering TikTok for download, so the TikTok deal can be completed. The Committee on Foreign Investment in the United States (CFIUS), the U.S. government panel overseeing the deal talks, has to approve the transaction. Oracle beat out Microsoft Corp MSFT.O, which said last week that its offer to acquire TikTok"s U.S. business was rebuffed by ByteDance. The Trump administration has stepped up its efforts to purge what it deems "untrusted" Chinese apps from U.S. digital networks. A U.S. judge early Sunday blocked the Trump administration from requiring Apple and Google to remove Tencent Holdings Ltd"s 0700.HK messaging app WeChat for downloads by late Sunday. TikTok interim CEO Vanessa Pappa said in a video posted on Saturday that “TikTok is here to stay.” China also has to approve the deal. “We’ll see whether or not it all happens,” Trump said. The first Chinese reaction to the deal came from Global Times, which is published by the People’s Daily, the official newspaper of China’s ruling Communist Party. Global Times editor Hu Xijin said “this scheme is still unfair, but it avoids the worst result that TikTok is shut down or sold to a U.S. company completely.”
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