Trump administration to be paid $10B for brokering TikTok deal

a day ago

Donald Trump’s administration is set to receive $10bn from investors as part of a deal to create a US-controlled version of TikTok.
The $10bn is considered a transaction fee, paid by investors including Oracle, MGX, and Silver Lake, who took control of TikTok’s US operations from ByteDance.
Investors initially paid $2.5bn to the US treasury and will make further payments until the total reaches $10bn.
Trump signed an executive order in September approving the deal, citing national security concerns over TikTok’s Chinese ownership.
The $10bn fee is unusually large, representing about 70% of TikTok’s US valuation ($14bn), far exceeding typical investment banking fees.
TikTok will continue operating in the US, but investors must share profits with ByteDance.
The Trump administration has taken other unusual private-sector involvements, including stakes in Intel and USA Rare Earth.
Trump launched his own cryptocurrency coin while in office, offering investors direct access to him for $5m.
Trump’s private phone number is reportedly being sold to CEOs and traded among journalists.

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