While the deal is still in early discussions and subject to change, it comes just days before an April 5 deadline set by US law.

As the deadline nears for TikTok's parent to divest control of the app or face a U.S. ban, new bidders are coming out of the woodwork.

TikTok app will be banned and go dark in US unless ByteDance makes a deal. Tim Stokely, founder of OnlyFans and Amazon submit late bids. What to know

The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.

Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

Tim Stokely, founder of OnlyFans, has partnered with a cryptocurrency foundation in a late-minute bid to acquire TikTok.

TikTok’s time is running out — again. The social media platform has only a few days left to find a new buyer, or risk being banned in the United States. President Trump gave TikTok’s parent company, China’s ByteDance,