The White House has announced that US companies will now control TikTok's algorithm and Americans will hold six of seven board seats for the app's US operations in a much-anticipated deal with China.
Press secretary Karoline Leavitt said a deal could be signed "in the coming days", but Beijing is yet to comment.
The US has sought to take the video-sharing app's US operations away from Chinese parent company ByteDance for national security reasons.
TikTok was previously told it had to sell its US operations or risk being shut down.
But US President Donald Trump delayed implementing the ban four times since it was first announced in January, and earlier this week extended the deadline again to December.
