US EditionSenator wants White House to answer if TikTok investors will pay $10 billion to US Treasury
7 Articles
7 Articles
Senator wants White House to answer if TikTok investors will pay $10 billion to US Treasury
March 17 : The top Democrat on the Senate Intelligence Committee on Tuesday asked the White House to answer if investors are paying $10 billion to the Treasury as part of the Trump administration-brokered sale of TikTok’s U.S. operations.Senator Mark Warner cited a Wall Street Journal report that investors
The Trump administration is going to win $10 billion thanks to the TikTok agreement, an exceptionally high commission following the sale of the US company's business negotiated by the presidentThe battle that lasted years around the property of TikTok resulted in a $10 billion manna for the Trump administration. Investors involved in the agreement to create a US-controlled version of TikTok will pay the government this sum...
The sale of TikTok's U.S. activities, long presented as a solution to the U.S. national security concerns, continues to raise serious questions. Several months after the operation was completed, a new element attracts attention: a payment of up to $10 billion for the benefit of the U.S. state. Initially thought as [...]
In the context of the sale of TikTok's US business, the US government under President Donald Trump is expected to receive a high brokerage fee of billions.
Trump Administration to Receive $10 Billion Kickback for TikTok Deal – Pixel Envy
Miriam Gottfried and Amrith Ramkumar, Wall Street Journal: The Trump administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, delivering it a windfall for keeping the popular social-media app alive in America. The payment is part of the agreement through which investors friendly with the administration gained control of TikTok’s U.S. operations from Chine…
Even after its completion last January, where Xavier Niel is even among the shareholders, the sale of TikTok's U.S. business continues to be controversial in the U.S. While the operation was primarily to address Washington's concerns about national security and the links between ByteDance and China, another aspect [...]
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