The video-sharing app faces being banned in the US by President Donald Trump amid national security concerns - but the billionaire businessman has now confirmed that the government has held productive talks with a number of different groups about a potential sale.

Speaking to reporters onboard Air Force One, Trump shared: "We're dealing with four different groups, and a lot of people want it ... all four are good."

Trump, 78 - who recently returned to the White House, after a four-year absence - confirmed that there "could" soon be an announcement about TikTok's future.

Various parties have publicly expressed an interest in buying the popular app, including Frank McCourt, the former owner of the Los Angeles Dodgers baseball team.

Meanwhile, in January, Trump signed an executive order granting TikTok a 75-day extension to complete a sale or face a ban in the US.

At the time, Trump confirmed that he'd spoken to various parties about a potential acquisition.

The US President said: "I tell you what, every rich person has called me about TikTok."

ByteDance, TikTok's parent company, previously ignored a law calling for it to sell its US operations in order to avoid a ban.

The Chinese company has repeatedly dismissed the accusation that its operations pose a risk to US national security