Amazon and AppLovin reportedly submitted bids to acquire TikTok, ahead of a U.S. ban set to go into effect Saturday if no deal is reached with the app's Chinese parent company.

Mobile technology company AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it, according to people familiar with the matter, joining a flurry of suitors for the video-sharing app.

Trump was to reportedly hold a White House meeting Wednesday to consider an offer to buy TikTok, as it faces a ban in the U.S. on April 5 if it is not sold to an American company.