US President Donald Trump on Thursday said that he will not extend the September 15 deadline for Chinese video-sharing social networking platform TikTok to either change its ownership to an American company or shut it down, reported PTI.

Speaking to reporters on Thursday, the president said, “I’m not extending deadline, no. It’s September 15th. There will be no extension of the TikTok deadline.”

He had asked the Chinese company to either change its ownership or shut it down, in an executive order on August 6. He had given 45 days to the company to make a decision.

“We’ll see what happens. It’ll either be closed up or they’ll sell it. So, we’ll either close up TikTok in this country for security reasons, or it’ll be sold,” PTI quoted Trump, as saying.

In the initial stages, Microsoft was believed to be involved in negotiations with ByteDance, the Beijing-based internet technology company which owns TikTok.

Trump’s order came shortly after India banned TikTok along with scores of other apps linked to China, over security reasons.