TikTok is developing a new app for its more than 170 million U.S. users alongside a potential sale, according to a report from The Information. The news follows comments President Donald Trump made on Friday that he “pretty much” has a deal for a U.S. company to purchase TikTok’s U.S. operations, although he did not disclose the potential buyer.

Social media giant TikTok will launch a new version of its popular app to Apple's and Google's app stores on September 5, as part of an agreement to sell its US business looms.

According to The Information, the existing app – referred to internally as "M" – will be removed from US app stores once the new version is

A US-only version of TikTok is in development with plans to replace the current version for American users, according to a report in The Information.

It’s looking increasingly likely that any deal to transfer control of TikTok to new owners will mean US users have to download a new TikTok. And that could mean an almost entirely different experience on the app.