TikTok building new version of app ahead of expected US sale, The Information reports
TikTok has developed a plan to launch the new app to US app stores on Sept 5, according to the report.
NEW YORK - TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The Information reported on July 6, citing unnamed sources.
This comes as US President Donald Trump said on July 4
he will start talking to China on July 7 or 8 about a possible TikTok deal.
He said the United States 'pretty much' has a deal on the sale of the TikTok short-video app.
TikTok has developed a plan to launch the new app to US app stores on Sept 5, the report said.
In June, Mr Trump
extended to Sept 17 a deadline for China-based ByteDance to divest the US assets of TikTok.
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 March of 2026, though the timeline could change.
TikTok did not immediately respond to a Reuters request for comment.
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Reuters could not immediately confirm the report.
A deal had been in the works earlier this year to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. That was put on hold after China indicated it would not approve it following Mr Trump's announcements of steep tariffs on Chinese goods.
Mr Trump said the United States will probably have to get a deal approved by China. REUTERS
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