US To Receive Up To $10 Billion From Investors Under Tiktok Agreement
According to the report, in January the US and China reached an agreement on the sale of TikTok's American division to a specially created consortium. The group includes Silver Lake, Oracle, and the UAE-based investment company MGX, along with several other investors.
Under the terms of the agreement, investors have already transferred about $2.5 billion to the United States Department of the Treasury. The total amount of payments is expected to reach $10 billion as further transactions are completed.
The publication notes that this represents one of the largest payments ever recorded in connection with government assistance in facilitating a corporate deal. US officials reportedly say the amount reflects President Trump's role in negotiating with Beijing over TikTok's continued presence in the US market.
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