President Donald Trump said the US was close to unveiling a plan that would spare the Chinese-owned social media app TikTok from a US ban, with multiple investors involved in discussions for a deal.

President Donald Trump said his administration was "very close" to a deal to find a buyer for TikTok, which faces a US ban if not sold by its Chinese owner by the weekend. Trump has downplayed risks that TikTok is in danger of being banned in the United States,

Over the weekend, Trump told reporters he was sure a deal would be reached because “a lot of people want to buy it,” and that he’d like to see the app “remain alive” in the U.S. However, there’s been little public information regarding any proposed deal, including if ByteDance is even willing to sell to American buyers.