Order Regarding the Acquisition of Musical.ly by ByteDance Ltd

The transaction resulting in the acquisition by ByteDance of Musical.​ly, to the extent that Musical.​ly or any of its assets is used in furtherance or support of, or relating to, Musical.​ly’s activities in interstate commerce in the United States (“Musical.​ly in the United States”), is hereby prohibited, and ownership by ByteDance of any interest in Musical.​ly in the United States, whether effected directly or indirectly through ByteDance, or through ByteDance’s subsidiaries, affiliates, or Chinese shareholders, is also prohibited. In order to effectuate this order, not later than 90 days after the date of this order, unless such date is extended for a period not to exceed 30 days, on such written conditions as the Committee on Foreign Investment in the United States (CFIUS) may impose, ByteDance, its subsidiaries, affiliates, and Chinese shareholders, shall divest all interests and rights in: 1) any tangible or intangible assets or property, wherever located, used to enable or support ByteDance’s operation of the TikTok application in the United States, as determined by the Committee; and 2) any data obtained or derived from TikTok application or Musical.​ly application users in the United States.  Immediately upon divestment, ByteDance shall certify in writing to CFIUS that all steps necessary to fully and permanently effectuate the actions required under sections 2(a) and 2(b) have been completed.