In the race against the clock set by the Trump administration, a binding deal to buy the controversial but wildly popular Chinese-owned app TikTok will most likely be signed with a U.S. suitor by the mid-September deadline, but the actual close of the deal could come several months later due to President Trump’s shifting and extending key deadlines, FOX Business has learned.

Sources with knowledge of the negotiations told FOX Business “there will most likely be a signed piece of paper by the September 15th cut-off date but the details will take the full 120 days to complete.”

TRUMP SAYS ORACLE COULD HANDLE TIKTOK: 'GREAT COMPANY'

While negotiators “can’t count out a dark horse, Microsoft, with a market cap of $1.3 trillion, is the white knight,” sources said, due to the software and cloud giant’s strong cash position and strength of management "and that “(Microsoft CEO) Satya Nadella is a man of high integrity.”

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