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  • btc = $108 444.00 304.69 (0.28 %)

  • eth = $2 549.67 31.71 (1.26 %)

  • ton = $2.78 -0.13 (-4.32 %)

7 Jul, 2025
1 min time to read

TikTok is working on a new version of its app specifically for users in the United States, The Information reports.

The move is tied to an ongoing deal over the sale of TikTok’s U.S. operations, which is currently under discussion between Chinese and U.S. authorities. According to sources, the Trump administration is close to finalizing an agreement with a group of investors that includes Oracle — a claim also confirmed by The Wall Street Journal. ByteDance, TikTok’s Chinese parent company, is expected to retain a minority stake.

Internal documents refer to the new version as M2, with the current app labeled M. The updated TikTok is expected to appear on the App Store and Google Play on September 5, at which point the existing version will be removed from U.S. app stores. The current app will reportedly stop functioning in the U.S. by March 2026.

The “TikTok ban law” went into effect in January 2025. It requires the platform’s U.S. assets to be sold to non-Chinese companies or face a nationwide ban. Oracle and Microsoft are among the potential buyers. Earlier reports included Elon Musk in the mix, but those claims have since been denied.

Trump Finds Buyer for TikTok’s U.S. Assets
Trump says a group of wealthy investors is ready to buy TikTok’s U.S. operations to avoid a nationwide ban.