Transcript for TikTok app getting closer to a deal
the potential deal tiktok users had been hoping for ahead of last night's deadline that would have banned all downloads in the U.S., and president trump says he's given it his blessing. Reporter: This morning, tiktok may have bought itself some more time. I'm going to have to see it to believe it. Reporter: The chinese-owned social media app along with wechat nearing a buy-out agreement with Oracle and Walmart, hoping to put security concerns from the trump administration to rest. The security will be 100%. They'll be using separate clouds and a lot of very, very powerful security. Reporter: News of the possible agreement coming just hours before the administration had planned to halt all downloads from U.S. App stores. Officials now delaying that potential ban to September 27th. Tiktok saying in a statement, Oracle will become our trusted technology provider, responsible for hosting all U.S. User data to ensure U.S. National security requirements are fully satisfied. Our team works tirelessly to provide a safe and inclusive platform, and we're thrilled we will be able to continue serving our amazingly diverse and creative community. The wildly popular app seeing a surge in downloads as the ban neared with tiktok garnering over 2,000 downloads this weekend alone. I never received better reviews in my life. Reporter: Now the app's users like London lazerson -- who relies on the app as a means of income breathing a sign of relief. I recently quit my job as I tried to make tiktok my primary source of income, and to have that stripped away and start over on something new is a little bit scary. Now the details still have to be ironed out, but the clock has been reset. Again, the new deadline to get it all sorted, September 27th. Coming up on "Good morning
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