Trump Administration Set to Receive $10 Billion Fee for TikTok Deal
The Trump administration is poised to receive a staggering $10 billion commission from investors involved in brokering a deal to create a U.S.-controlled TikTok. This significant fee is part of a larger arrangement where several major investors, including Oracle, are participating in the acquisition. Oracle has revealed a stake of just over $2 billion in the TikTok U.S. joint venture, emphasizing its growing dominance in the AI and cloud sectors. The deal has sparked controversy, with critics labeling it a highlighted example of corruption.
WSJ, The New York Times, The Times, CNBC, Reuters, 조선일보, GuruFocus, Traders Union, rawstory.com, facebook.com