After almost a year of deadline extensions preventing a TikTok ban from taking effect, a deal for new owners to take over the app in the U.S. is imminent. Reports suggest the announcement could come as soon as this week.

Last week, Treasury Secretary Scott Bessent announced that the "framework" for a TikTok deal had been reached, and President Donald Trump extended the deadline for a deal to be completed to December 16. It was the fourth extension issued since Congress passed a law last year requiring TikTok's parent company, Beijing-based ByteDance, to sell the popular app or face a ban in the U.S.

Related: Here's How a New Employee's Major TikTok Mistake Led a Cookie Company to Viral Fame — and a 46% Increase in Sales

Trump announced on Truth Social on Friday that he had a "very productive" call with China's leader, Xi Jinping, and that "progress" has been made "on the approval of........

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