(Reuters) -Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by the U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.

According to a report from The Information, Trump plans to announce his master plan for keeping TikTok alive in the US through a new entity called “TikTok America.” The idea is to split the company between US investors (50%), existing ByteDance investors (roughly one-third), and ByteDance itself maintaining a 19.9% stake.

TikTok creator ByteDance has an AI image generation model called InfiniteYou that lets you create fake photos of yourself.

TikTok temporarily went dark for its 170 million American users but was reinstalled “as a result of President Trump’s efforts,” according to the app. Now it’s facing another possible ban.

YouTube announced new video creation tools for short videos ahead of a pending deadline for TikTok owner ByteDance to sell it or be banned from the United States.

President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America, part of his effortsto broker a deal to keep TikTok alive in the U.S., according to a person close to the discussions.

According to the White House, several potential buyers have bid on the popular social media app to ensure its continued

The Trump administration is racing against the clock to secure a deal that would keep TikTok operational in the United States ahead of Saturday’s deadline.

The post TikTok Notes, ByteDance's Instagram alternative, is shutting down appeared first on Android Headlines.