The White House’s TikTok deal has devolved into quite a spectacle.

Ahead of the deadline Saturday for the app to divest from its Chinese parent company or face a US ban, we still don’t have an answer on how it might do this. A flurry of last-minute interest has emerged, with players from Amazon.com Inc. to Andreessen Horowitz and Blackstone Inc. reportedly tossing their hats in the increasingly crowded ring of potential buyers.