TikTok could return to the US with a new app owned by a different group of investors before President Trump’s Sept. 17 deadline, The Information reports.

The report arrives shortly after President Trump told reporters on Air Force One that a new deal for the sale of TikTok was “pretty much” in place. According to The Information, the deal would see a group of non-Chinese investors, including Oracle, take a majority stake in TikTok’s US business, while the current majority owner, ByteDance, would be given a minority stake. 

A law passed last year required the ByteDance-owned platform to divest by Jan. 19, 2025, or be banned in the US. President Trump already offered extensions on ban enforcement three times, first by 90 days, then by 75 days, and then by 90 days again. 

The new tentative deal requires approval from the Chinese government; Trump is reportedly “confident” about the approval

While TikTok’s U.S.-specific version may provide a technical reprieve in the short term, it does not eliminate the underlying legal and diplomatic challenges. Lawmakers backing the sale have maintained that even the possibility of Chinese government access to user data poses an unacceptable risk.