WASHINGTON — The Trump administration will allow a Friday deadline for TikTok’s Chinese parent company to sell the viral video app to lapse, said a person with knowledge of the decision. But the government will continue to work on a deal that would put a larger slice of TikTok’s ownership in American hands, the person said.The White House ordered the sale of TikTok’s U.S. assets in August over concerns that the app’s Chinese ownership posed a national security risk. ByteDance, the Chinese internet giant that owns the app, embarked on an effort to sell the …
