The video app is barreling toward a Saturday deadline to change its ownership under federal law or face a ban in the United States.

As the deadline to strike a deal over TikTok approaches this week, President Donald Trump has signaled that he is confident his administration can broker an agreement with ByteDance, the social media

Despite the increasing number of potential buyers, neither the app nor its Chinese owner have confirmed they will do a deal.

The White House has examined a menu of options to avert a TikTok ban deadline set for Saturday. One proposal — letting TikTok’s Chinese owner lease the algorithm to a TikTok spinoff in the U.S. — would probably face resistance from China hawks in Trump’s party.

The US is just days away from imposing a ban on TikTok unless a deal is reached with parent company ByteDance to find a US-based owner for the hugely popular app. Saturday’s deadline will impact roughly 170 million TikTok users in the US, however President Donald Trump has claimed that a deal will be made in time.

President Donald Trump said the US was close to unveiling a plan that would spare the Chinese-owned social media app TikTok from a US ban, with multiple investors involved in discussions for a deal.