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

2026-03-14 - 17:33

Exceptionally rare ‘fee’ to be paid by investors who took control of US operations from Chinese parent company Donald Trump’s administration is reportedly poised to be paid $10bn by investors as part of a deal to create a US-controlled version of TikTok. The $10bn, considered by the US government as a sort of transaction fee, will be paid by the administration-friendly investors who took control of TikTok’s US operations from its Chinese parent company, ByteDance, according to reporting that first appeared in the Wall Street Journal. Continue reading...