The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.

Days before TikTok’s April 5 deadline to sell their U.S. operations, Jeff Bezos’ online retailer Amazon has submitted a bid to buy the ByteDance-owned app, a source told NBC News.

Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday.

Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,

President Donald Trump will hold a Wednesday meeting with aides about possible investors who could buy a stake in TikTok, a deal that could potentially stop the social media site from being banned in the United States.

TikTok video app set to go dark— again — as TikTok ban is set to go into effect this week if ByteDance doesn't reach a deal. Here's what to know.