Amazon has submitted a surprise offer to acquire TikTok in its entirety, just days before a U.S. government-imposed deadline, The New York Times reported on Wednesday, citing sources familiar with the matter.

President Donald Trump is set to review a final proposal regarding TikTok’s future ahead of an April 5 deadline, which requires the app to secure a non-Chinese buyer or risk being banned in the U.S., a White House official told Reuters.

Neither ByteDance, TikTok’s parent company, nor Amazon provided immediate comments on the report. However, following the news, Amazon’s stock saw a 1.3% rise in trading volume.

Despite Amazon’s bid, those involved in the negotiations appear skeptical about its viability, according to The New York Times. The tech giant reportedly submitted its proposal via an offer letter addressed to Vice President JD Vance and Commerce Secretary Howard Lutnick.

TikTok’s fate has been uncertain since the passage of a bipartisan 2024 law requiring ByteDance to divest its ownership by January 19, citing national security concerns. U.S. officials argue that ByteDance’s ties to Beijing pose risks, including potential data collection on American users and influence operations.

After assuming office for a second term on January 20, Trump signed an executive order delaying the enforcement of the law by 75 days, temporarily allowing TikTok to continue operations in the U.S. Meanwhile, multiple parties have reportedly expressed interest in acquiring the platform, with Trump stating last month that his administration was in discussions with four potential buyers.