Advisers to President Donald Trump are expected Wednesday to present the president with options for a deal to invest in TikTok that involves a number of well-heeled venture capital, private equity funds and tech companies,

TikTok, which had been facing a Saturday deadline for a deal, now has another 75 days to find a new owner to comply with a federal law that requires it to change its structure to resolve national security concerns. That puts the new deadline for a deal in mid-June.

Trump said he’s signing an executive order to extend the April 5 deadline by another 75 days. President Donald Trump said Friday that he is signing an executive order to extend TikTok ’s deadline to find a non-Chinese buyer by another 75 days, giving parent company ByteDance more time to make a deal for the popular social media app.