It also comes just days ahead of Donald Trump’s Sept. 15 deadline for TikTok to find a new home with an American company. Experts have said it’s unlikely a deal could materialize that quickly, but Trump said Thursday he would not extend the deadline. 

Further complicating things are new trade rules in China, which could prevent a buyer from acquiring TikTok’s recommendation algorithm. Reuters reports that China is prepared to use the policy to “delay any deal reached by ByteDance, if it had to.”

TikTok didn’t immediately respond to a request for comment.

Developing…