In a key update on TikTok’s future in the U.S., President Donald Trump has confirmed ongoing talks with four groups about the potential sale of

President Donald Trump said Sunday he was negotiating with four different possible buyers for TikTok’s US business and that a deal for the social video app could come “soon.”Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice,

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.

The president says he's is working with "four different groups" on a TikTok purchase. Here's who has expressed interest in the past.

President Donald Trump is considering four bids to purchase the social media app TikTok. NBC News’ Steve Romo reports on who the potential buyers could be ahead of the pause on TikTok set to expire.