Trump Administration Is Allegedly Collecting $10 Billion On The Tiktok Deal

In September, Donald Trump claimed that “the United States is getting a tremendous fee” for brokering nan TikTok deal. Now sources show nan Wall Street Journal and nan New York Times that interest is expected to beryllium successful nan scope of $10 billion. The money is supposedly being paid by caller investors, including Oracle and Silver Lake. Reports are that $2.5 cardinal was already paid to nan Treasury erstwhile nan woody closed connected January 22nd. The remainder will beryllium paid retired successful installments.

This is nan latest illustration of nan Trump management inserting itself into backstage business successful unprecedented ways, including taking connected a 10-percent liking successful Intel past August, a “golden share” successful US Steel, and a 20-percent trim successful spot income from Nvidia to China. In this instance, nan woody besides involves 1 of Trump’s biggest supporters and fundraisers, Larry Ellison, co-founder and CTO of Oracle.

If nan reporting is accurate, nan interest would correspond complete 70 percent of nan deal’s value, which saw a group of investors return a mostly liking successful TikTok for $14 billion.