India, July 7 -- Although the law requiring TikTok to sell or shut down has been in place since January, the app has only been unavailable in the US for one day. Now, The Information says a deal that would meet the law's conditions is nearly done, and it would include a new, separate app version.

But any final agreement would still need China's approval. Officials there are also dealing with ongoing trade issues involving tariffs and the Trump administration, according to Verge report.

The report adds that Trump officials are near a deal to sell TikTok to investors not linked to China. Oracle is expected to be part of the group, while ByteDance would keep a smaller stake to comply with the Protecting Americans from Foreign Adversary Con...