An executive order signed by President Donald Trump gives TikTok 90 days to finalize a sale to a U.S. buyer, with potential suitors reportedly including major tech companies. Meanwhile, Trump’s order may face legal challenges,

TikTok could have one or a few new owners, be banned again, or simply receive another reprieve to continue operating in the U.S. Questions about the fate of the popular app has continued to linger since a law requiring its China-based parent company to divest or face a ban took effect on Jan.

Trump, 78 – who recently returned to the White House, after a four-year absence – confirmed that there “could” soon be an announcement about TikTok’s future. The situation has drawn attention from tech industry leaders, investors, and political figures on both sides of the aisle.

TikTok shut down briefly in January in accordance with a law Congress passed requiring TikTok and other digital platforms controlled by “foreign adversaries” to be sold or banned.

Trump says deal "coming soon," but details remain scarce. The fate of TikTok, the wildly popular video-sharing app, hangs in the balance. With a looming deadline of April 5th, the app could soon find itself under new ownership, facing a renewed ban, or simply granted another temporary reprieve to continue operating in the United States.

With an April 5 deadline looming, TikTok could be sold, banned again, or given another extension. Here’s what’s at stake.

A US law is forcing TikTok's Chinese-owned parent company ByteDance to divest from the platform or face a ban. View on euronews

After taking office, President Donald Trump gave TikTok a 75-day reprieve by signing an executive order that delayed enforcement of the statute until April 5.