Trump Administration Set to Receive $10 Billion Fee From TikTok Sale
Investors including Oracle, Silver Lake and MGX paid about $2.5bn at closing on January 22 and will make payments totaling roughly $10bn, sources said.
The VergeTrump administration is allegedly collecting $10 billion on the TikTok deal
The GuardianTrump administration to be paid $10bn for brokering TikTok deal
Mother JonesThe Trump administration will somehow make $10 billion off the TikTok deal
Daily BeastBillionaire Trump Is Angling for a Massive TikTok Payday
Just the NewsTrump administration on track to receive $10 billion fee for securing TikTok sale: report
Overview
Sources said investors in the newly restructured U.S. TikTok will pay about $10 billion to the Trump administration as a transaction fee for brokering the deal.
The payment stems from a transaction that closed on January 22nd when investors took control of TikTok's U.S. operations, sources said.
Investors involved include Oracle, Silver Lake and MGX, and administration officials said the fee reflects the president's role in finalizing the arrangement, according to sources.
Sources said about $2.5 billion was paid to the Treasury at closing and further installments are expected until roughly $10 billion is reached, about 70 percent of the new entity's reported $14 billion valuation.
The deal follows a 2024 law requiring ByteDance to sell the app or face a ban, and ByteDance retains a 19.9 percent stake under the arrangement, sources said.
Analysis
Analysis unavailable for this viewpoint.
FAQ
The investors include Oracle, Silver Lake, and Abu Dhabi-based MGX, along with other backers.
Investors paid about $2.5 billion to the U.S. Treasury at closing on January 22, with additional installments expected until the total reaches roughly $10 billion.
ByteDance retains a 19.9 percent stake in the new U.S. TikTok entity.
A 2024 U.S. law required ByteDance to sell TikTok's U.S. operations by January 2025 or face a ban, leading to this investor-led restructuring.
The new entity is reported to be valued at around $14 billion.
