Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity,

A big New York Times report dropped today alleging that the e-commerce giant Amazon put in a last-minute bid to purchase TikTok ahead of its latest ban extension ending on Saturday, April 5.

As TikTok faces down an April 5 deadline, last-minute offers to buy the app have come from Amazon and the founder of OnlyFans, among others.

The Information reports that later today, Trump plans to announce a plan for “TikTok America,” a new company with 50 percent ownership by unnamed new US investors, a one-third stake for existing ByteDance investors, and a 19.9 percent share for ByteDance. It would apparently license TikTok’s algorithm from ByteDance.

However, key parties involved in negotiations on a potential TikTok sale “do not appear to be taking Amazon’s bid seriously,” according to The New York Times.

Amazon has made a last-minute bid to buy TikTok as the app nears an April 5 deadline to cut ties with its Chinese owner or face a U.S. ban, according to a New York Times article published on April 2.

Amazon’s surprise bid comes amid a flurry of activity from other interested buyers, including Oracle, Andreessen Horowitz, Blackstone and even a consortium backed by social media influencers like MrBeast. Some appear to have a better shot than others.

Meanwhile, a separate group led by OnlyFans founder Tim Stokely is also said to be exploring a bid, underscoring the fierce competition to take over TikTok’s global business. AppLovin’s announcement comes during a turbulent time for the company. According to Benzinga Pro, APP stock has lost over 19% in the past year.

Amazon.com has put in a bid to purchase TikTok, a Trump administration official said, in an 11th-hour pitch as a U.S. ban on the platform is set to