According to reports, Amazon.com has put in a last-minute bid to buy TikTok, just days ahead of an April 5 deadline for the short-form video app to find a non-Chinese buyer or face a ban in the country.

U.S. President Donald Trump is expected to discuss TikTok's fate at an Oval Office meeting and consider a final proposal related to the app.

Amazon chose not to comment, while TikTok and its parent company; Amazon's shares experienced a 1.3 percent increase amid a surge in trading volume.

The U.S. technology and e-commerce giant has emerged as a potential buyer, joining a list of reported interested parties. Last month, Trump indicated that his administration was in discussions with four different groups regarding the platform sale, although he did not disclose their identities.

According to a report from Reuters last week, private equity firm Blackstone is in negotiations to join ByteDance's current non-Chinese investors, led by Susquehanna International Group and General Atlantic, to provide additional capital for a bid on TikTok's U.S. operations.

Additionally, U.S. venture capital firm Andreessen Horowitz is reportedly in discussions to secure new external investment aimed at buying out TikTok's Chinese stakeholders, as part of a bid spearheaded by Oracle and other American investors to separate it from ByteDance.

Discussions led by the White House include plans to establish a U.S. entity for TikTok, which would reduce Chinese ownership in the new business to below the 20 percent threshold mandated by U.S. law.

The New York Times first reported on Amazon's involvement. However, various parties engaged in the negotiations reportedly do not take Amazon's bid seriously, as indicated in the report. The proposal was submitted through an offer letter directed to Vice President JD Vance and Commerce Secretary Howard Lutnick.

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The future of the app, which is utilized by nearly half of all Americans, remains uncertain following a 2024 law that was passed with significant bipartisan support, mandating ByteDance to divest TikTok by January 19.