TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a report from The Information.
The company reportedly plans to launch the new app on September 5, while the existing app will stop working in March of next year. The timeline may shift, the report notes.
TikTok users in the U.S. would have to download the new app to continue to use the social network.
The report comes two days after President Donald Trump said he would begin talking to China this week about a possible deal, stating that the government “pretty much” has a deal on the sale of the short-video app.
Last month, Trump extended the TikTok ban deadline to September 17, marking the third time the deadline has been pushed back.
