TikTok

In the race against the clock set by the Trump administration, a binding deal to buy the controversial but wildly popular Chinese-owned app TikTok will most likely be signed with a U.S. suitor by the mid-September deadline, but the actual close of the deal could come several months later due to President Trump’s shifting and extending key deadlines, FOX Business has learned.

President Trump said Tuesday that Oracle could handle a TikTok purchase.

"We disagree with the Executive Order, as we expressed in a recent blog post," A spokesperson for TikTok said. "That said, We have no involvement with and are not coordinating on the initiative of employees that has been undertaken in their personal capacity outside of work. We respect the rights of employees to engage in concerted activity to seek due process of law."

Kanye West wants to collaborate with TikTok to make a Christian version of the app.

"Transparency is at our core, and we are committed to leading the industry in security and accountability," the company wrote in a blog post Monday. 

Last week, Trump had ordered sweeping but vague bans on dealings with the Chinese owners of TikTok and the messaging app WeChat, saying they are a threat to U.S. national security, foreign policy and the economy.

President Trump's campaign opened an account for him on TikTok competitor Triller on Saturday as TikTok's future remains uncertain ahead of a looming ban necessitating the social media phenomenon make a deal with a U.S. company.

TikTok also faces a federal class-action lawsuit over alleged misuse of U.S. user data.

Nebraska Gov. Pete Ricketts announced Wednesday that the state would block TikTok from all of its electronic devices due to security concerns.

The tactic appears to have violated Google policies.

The New York Yankees and the YES Network reportedly agreed to a sponsorship deal with TikTok as President Trump looks to ban the app in the U.S. over security concerns.

TikTok could sue the Trump administration as soon as Tuesday.

The value of TikTok’s parent company, ByteDance, is reportedly under pressure nearing the either forced sale or ban of its most valuable asset.

Apple recently reported third-quarter earnings that saw a return to growth for the iPhone, however, shipments of the smartphone could drop as much as 30% if the tech giant is forced to remove WeChat from its App Store, according to one analyst.  

Dixie D’Amelio of TikTok fame has signed a record deal with L.A. Reid's prestigious company HitCo.

The move by Blackstone comes as ByteDance is facing pressure from the White House to sell TikTok to a U.S. company or face the likelihood that the app will be banned in the U.S. over concerns that the Chinese government uses customer data for surveillance purposes.

TikTok, owned by Chinese firm ByteDance, has been deemed a national security threat by the Trump administration, which argues the company could potentially share users' data with the Chinese government.

President Trump widened the scope of his strict foreign policy targeting Chinese tech this week when he effectively banned WeChat by executive order.

Social media giant TikTok is planning to sue the Trump administration over its ban of the app in the United States as soon as next Tuesday, according to an NPR report.

China's foreign ministry on Friday condemned President Trump's executive order banning TikTok from the U.S.