(CNN) — Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies, multiple sources familiar with the discussions say, as the White House tries to cleave the popular social video app away from Chinese ownership ahead of an April 5 deadline. Interested parties have been eyeing a takeover of the popular short-form video app since US lawmakers passed a bill requiring the app to be sold to a US entity or be banned in the country. When Trump took office, he declined to enforce the ban for 75 days to reach a deal, but the law requires a deal to be in advanced negotiation stages to pursue another delay in banning the app. Two large hurdles must be cleared for any potential deal: Trump must sign off on a proposal and China’s President Xi Jinping must then agree. Xi has been opposed to giving away any valuable technology infra...
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