Trump claims the US is about to get a tremendous fee for taking TikTok out of China

Trump claims the US is about to get a tremendous fee for taking TikTok out of China

A fee related to TikTok’s operations in the U.S. will be funded by its investors, including the private equity firm Silver Lake and Oracle. The newly established group is expected to acquire half of TikTok, while its parent company, ByteDance from China, will retain less than 20 percent of the company.

In light of this, the Wall Street Journal reported that sources indicate the deal may receive approval and could result in significant financial contributions from U.S. companies to the Trump Administration. This raises questions about the motivations behind these investments: why would these companies commit substantial financial resources unless they anticipate a potential for greater returns?

Source: https://www.theverge.com/news/782218/trump-claims-the-us-is-about-to-get-a-tremendous-fee-for-taking-tiktok-out-of-china

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top