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Tech • 1d ago

Trump administration will reportedly get $10 billion for brokering the TikTok deal

Trump administration will reportedly get $10 billion for brokering the TikTok deal
**The Hidden Reward Behind the TikTok Deal: $10 Billion for the Trump Administration** In a recent revelation, it's been discovered that the Trump administration might have had a substantial reason to facilitate the deal that allowed TikTok to remain in the US market. According to a report from The Wall Street Journal, the administration is set to receive a whopping $10 billion from the new investors who acquired stakes in TikTok's US entity. When the deal was finalized in January, the investors, which include Oracle and other firms like Silver Lake and MGX, paid a $2.5 billion fee to the Trump administration. However, the report indicates that these investors will continue to make payments until the total reaches $10 billion. To put this into perspective, the US entity of TikTok, known as TikTok USDS Joint Venture, was valued at $14 billion by Vice President JD Vance. This deal marks one of the most significant transactions involving the Trump administration, which has previously been involved in major deals with US corporations. For instance, last year, the administration invested $8.9 billion into Intel and received a nearly 9 percent equity stake. This is not the first time the Trump administration has received a significant windfall. In May, the Qatari government gifted them a Boeing 747-8. While the Trump administration's role in the TikTok deal is not entirely new, the revelation of a $10 billion fee adds another layer to the story. It raises questions about the motivations behind the administration's involvement and the potential implications for future deals. The TikTok deal is a significant development in the tech industry, with far-reaching consequences for businesses and users in Nigeria and beyond. As the global digital landscape continues to evolve, it's essential to stay informed about the complex deal-making processes that shape the industry.
Source: Original Article • AI-enhanced version for clarity & Nigerian context

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