The Trump Administration Is Set to Pocket $10 Billion From the TikTok Deal
Via Wall Street Journal
Summary
The Trump administration is set to receive a roughly $10 billion fee from investors — including Oracle, Silver Lake, and Abu Dhabi's MGX — as payment for brokering the deal that transferred control of TikTok's U.S. business from Chinese parent company ByteDance to a majority American-owned entity.
Historians described the payment as nearly unprecedented for a government facilitating a corporate transaction, dwarfing the typical fees earned by investment banks, which usually take less than 1% of a deal's total value.
