President Donald Trump said Friday he will sign an executive order to keep TikTok operational in the U.S. for another 75 days, making the announcement one day before a ban against the popular social media platform was set to take effect unless it was sold to an American company.

<div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/67f01b8855a76ebecfc35cad/Trump-TikTok-Illustratoins/960x0.jpg?cropX1=0&amp;cropX2=2175&amp;cropY1=0&amp;cropY2=1450" alt="Trump TikTok Illustratoins" width="100%" height="auto"></div><figcaption><fbs-accordion><p class="color-body light-text" role="button">Trump announced the extension Friday afternoon. (Photo by Jaap Arriens/NurPhoto via Getty Images)</p></fbs-accordion><small>NurPhoto via Getty Images</small></figcaption>

 <div class="key-facts-element"> <p>Trump said in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114280893859636366" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://truthsocial.com/@realDonaldTrump/posts/114280893859636366" data-ga-track="ExternalLink:https://truthsocial.com/@realDonaldTrump/posts/114280893859636366" aria-label="post">post</a> he will soon sign an executive order keeping TikTok up and running until June 19, when it will have to divest or sell its assets to an American firm or face a ban in the U.S.</p>  </div> <div class="key-facts-element"> <p>The initial deadline for a deal was set to expire Saturday.</p>  </div>


<em>This is a developing story. Check back for updates.</em>

Companies such as Amazon, Microsoft and Oracle have emerged as the potential buyers of TikTok, which must be sold to an American company or face a ban in the U.S.

TikTok Ban: Trump Extending Deadline By 75 Days (Live Updates)

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