TikTok's sale is finally happening, according to President Trump, and they have attracted a "very wealthy" yet unnamed group.

It remains unclear whether the Chinese government would bless the sale of TikTok by its China-based owner.

TikTok is preparing to release a new app in the U.S. as it awaits a potential sale that would maintain its presence for millions of users in the country, according to media reports.

TikTok's owner, ByteDance, has plans to move Americans to a US-specific version of CapCut as it looks to meet requirements for a divest-or-ban law.

TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a new report from The Information.

It remains unclear whether the Chinese government would bless the sale of TikTok by its China-based owner.