TikTok building new version of app ahead of expected US sale: report
This comes as President Trump said on Friday he will start talking to China on Monday or Tuesday about a possible TikTok deal.
He said the US 'pretty much' has a deal on the sale of the TikTok short-video app.
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TikTok plans to launch the new app in the U.S. on Sept. 5, according to The Information.
REUTERS
Last month, Trump extended to Sept. 17 a deadline for China-based ByteDance to divest the U.S. assets of TikTok.
TikTok has developed a plan to launch the new app to US app stores on Sept. 5, the report said.
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The report added that TikTok users will eventually have to download the new app to be able to continue using the service, although the existing app will work until next March, though the timeline could change.
TikTok did not immediately respond to a Reuters request for comment. Reuters could not immediately confirm the report.
President Trump said Friday that he will begin talking to China this week about a possible TikTok deal.
AP
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A deal had been in the works earlier this year to spin off TikTok's U.S. operations into a new U.S.-based firm, majority-owned and operated by U.S. investors. That was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods.
Trump said the U.S. will probably have to get a deal approved by China.
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