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19 US Set To Receive $10 Billion Fee For Brokering TikTok Deal

Slashdot
EditorDavid @ Slashdot 2 place · today 13:34 EDT

US Set To Receive $10 Billion Fee For Brokering TikTok Deal

The deal to take control of TikTok's U.S. business came with an unusual condition, according to people familiar with the matter. The investors — which include Oracle, Abu Dhabi investor MGX, and private-equity firm Silver Lake — "paid the Treasury Department about $2.5 billion when the deal closed in January," reports the Wall Street Journal, "and are set to make several additional payments until hitting the $10 billion total."


The $10 billion payment would be nearly unprecedented for a government helping

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