Any deal, however, would need approval from the Chinese government, which is also still wrangling with the Trump administration over tariffs. The outlet reports that the Trump administration says it’s close to working out a sale to a group of “non-Chinese” investors,

TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The Information reported on Sunday, citing unnamed sources. This comes as U.

TikTok’s staff is reportedly building a new version of the app for American users — dubbed M2 — for a September release ahead of an expected sale, The Information reported this week. Any potential deal will still have to be approved by the Chinese government.