The owners of the video app Tiktok and the U.S. administration have not been able to reach an agreement on the sale of the app's U.S. operations, sources following the talks told news agency AFP.

The deadline set for the sale was set for Friday in the United States, ie the time limit was about to expire in the morning Finnish time.

The United States has required Tiktok’s Chinese owner ByteDance to divest its ownership and sell its U.S. operations to a new owner so that Tiktok can continue to operate in the country.

The company has been in talks with several U.S. companies. According to the administration of the resigning President Donald Trump, Tiktok is a threat to the security of the country. According to the administration, China may use the application for espionage.