US EditionTrump Administration Set to Receive $10 Billion Fee for Brokering TikTok Deal
The Trump administration will receive $10 billion from investors controlling TikTok's U.S. operations, with $2.5 billion already paid to the U.S. Treasury, officials said.
- President Donald Trump's administration is set to receive a roughly $10 billion fee from investors in the deal to establish a majority American-owned joint venture for TikTok's U.S. operations, according to the Wall Street Journal.
- TikTok USDS Joint Venture LLC will secure U.S. user data, apps and algorithms through data privacy and cybersecurity measures.
- Investors Oracle, Silver Lake, Abu Dhabi's MGX and other backers paid about $2.5 billion to the Treasury Department and are to make subsequent payments until the total reaches $10 billion.
- Legal challenges followed the deal, as retail investors sued President Trump and U.S. Attorney General Pam Bondi earlier this month seeking to reverse the approval, officials said the fee is justified.
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West Hawaii Today
Breaking OneTikTok investors set to pay $10 billion fee to Trump administration
Investors in a deal to create a U.S.-controlled TikTok are set to pay $10 billion to the U.S. Treasury, the latest example of the Trump administration inserting the federal government into corporate dealmaking in unusual ways.
Trump Administration Set To Receive $10 Billion From TikTok US Deal: Report - Oracle (NYSE:ORCL)
Trump administration to receive $10 Billion from TikTok deal with Oracle, MGX, and Silver Lake. Trump previously described it as tremendous fee-plus. Importance Rank: 1
Trump Administration Set to Receive $10B From TikTok Deal: Netizens Say It's 'Shameless Corruption'
The Trump administration is reportedly set to pocket $10 billion from the US sale of TikTok, a revelation that has sent shockwaves through social media. Critics have described it as 'shameless corruption', with the controversy fuelling a wider debate over whether political influence is being monetised under the guise of national security. For years, the TikTok sale in the US was framed as a security necessity. American officials warned that Byte…
The US government treats this amount as a transaction fee, which is a condition for the application to continue operating in the country.
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