Business · 14 March 2026
Trump Administration To Get $10 Billion TikTok Fee
A deal ensuring U.S. data security for over 200 million users of TikTok in America reportedly involves an approximate $10 billion investor payment. The Wall Street Journal reported Friday that investors would pay the Trump administration for brokering this deal. An American-owned joint venture was established, with Oracle, Silver Lake, and MGX initially paying about $2.5 billion to the Treasury.
Reported by Deccan Chronicle · How we write briefs