Investors including Oracle and Silver Lake that acquired stakes in the new U.S.-based TikTok joint venture are reportedly paying a $10 billion fee to the Trump administration as part of the deal — and ...
Not only is this pay-to-play arrangement with the federal government unprecedented; it also smacks of possible corruption.
The unusually large fee comes after the president brokered the sale of the company's US operations to investors allied with his administration.
The Trump administration is set to pocket around $10 billion for brokering the recently completed TikTok deal, which helped ...
The lawsuit marks the second legal battle regarding the social media giant’s divestment to American companies, after TikTok tried and failed to block the forced sale in 2024.
The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.