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Sale of TikTok's US business looks less likely by the day

Best hope for parent ByteBance is for Joe Biden to win the White House

The Committee on Foreign Investment, chaired by President Trump's treasury secretary, Steve Mnuchin, will decide whether to approve the TikTok sale (Nikkei Montage/Source photos by AP and Reuters) 

Beijing-based ByteDance has until Sept. 15 to find a buyer for the U.S. arm of its TikTok short video app. Days before the deadline set by the Trump administration, this is the only certainty in a sale process marked by conflicting accounts, changing bidding groups, internal disagreements and shifting alliances.

Complicating the matter is a landscape in which the key players face a new set of rules that appear both mutually contradictory and ambiguous.

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