With a September deadline looming, a new report says TikTok is building a replacement app for its 170 million American users as part of a sale to an Oracle led group.

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.

Even with the TikTok divest-or-ban law officially in effect since January, the app has only shut down service in the US for one day. Now, The Information reports that an agreement for a sale satisfying the law’s requirements is close and would come with a new, separate version of the app.