TikTok , owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese government.

Earlier this year, the app experienced a temporary outage in the U.S. that left millions of users in suspense before it was quickly restored. TikTok returned to the App Store and Google Play Store in February.

A number of investors are competing for the opportunity to purchase the app, and if a deal were to go through, the platform’s U.S. business could have its valuation soar to upward of $60 billion , as estimated by CFRA Research’s senior vice president, Angelo Zino.

Following extensive discussions and after Trump extended the TikTok ban deadline for the fourth time, it seems th

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