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.

Trump remains optimistic about securing a buyer for TikTok’s US business before the April 5 deadline. Proposals involve US investors, Oracle, and potential government stakes, while Beijing’s approval remains a key obstacle.

Another deadline for TikTok is fast approaching, but will another ban actually go into effect? “I’d like to see TikTok remain

TikTok could shut down if Chinese parent ByteDance doesn't reach an agreement to sell a controlling interest by President Trump's April 5 deadline.

The White House could announce the outline of a deal as the deadline for TikTok to find a non-Chinese buyer approaches this week, Wedbush analysts said in a research note. Wedbush views TikTok "as one of the biggest and first chips on the poker table around US/China relations.