TikTok U.S. is poised to get a new ownership structure — and a new app for American users — if the Trump administration’s much-delayed efforts to ink a deal to comply with a federal law banning Chinese control of the app go through.

President Donald Trump , speaking with reporters Tuesday outside the White House, said, “We’ve got a deal on TikTok. I’ve reached a deal with China.” He said there are “very big companies that want to buy it.” Trump said he is going to speak with Chinese president Xi Jinping on Friday “to confirm everything.”

Since the deal isn’t final yet, Trump is postponing his administration’s enforcement of the TikTok divest-or-ban bill again by 90 days — the fourth time he’s done so — with the new deadline of Dec. 16.

Trump did not provide details on TikTok U.S.’s p

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