President Donald Trump said Sunday he was negotiating with four different possible buyers for TikTok’s US business and that a deal for the social video app could come “soon.”

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US President Donald Trump said on Sunday that his administration is discussing the sale of TikTok with four different groups and considers all options viable. The Chinese-owned social media platform has been under scrutiny in the US over data security concerns, prompting efforts to transfer its ownership to an American company.

Key Takeaways Unless a deal is reached, the TikTok ban is set to take effect on April 5. Donald Trump has said he is open to extending the deadline. The President told reporters “China is going to play a role.

US President Donald Trump confirmed that his administration is negotiating the sale of TikTok with four different groups and suggested that the deadline for its sale could be extended.