"A 10 percent stake in Intel, 15 percent of Nvidia's China sales, a "golden share" of Nippon Steel - what price will Trump extract next in exchange for favorable treatment? Well, The Wall Street Journal is reporting that the Trump Administration is "expected to collect a multibillion-dollar fee" in exchange for negotiating a US takeover of TikTok's US business. That fee will come from TikTok's US investors, including private equity firm Silver Lake and Oracle,"
"Yesterday, Trump said that "the United States is getting a tremendous fee-plus, I call it a 'fee-plus,' just for making the deal." But Trump says a lot of things that need dissecting, and it was absolutely unclear today whether there's even a TikTok deal or not. So to see the WSJ reporting that "people familiar with the matter" think a deal might not only get approved, but also see billions of dollars flow from US companies into the Trump Administration's coffers,"
The Trump Administration is expected to collect a multibillion-dollar fee in exchange for negotiating a U.S. takeover of TikTok's U.S. business. The fee would be paid by TikTok's U.S. investors, including private equity firm Silver Lake and Oracle, with the acquiring group receiving half of TikTok while ByteDance would retain under 20 percent. President Trump characterized the payment as a "fee-plus." Uncertainty persists about whether a transaction exists or will be approved. The prospect of billions flowing from U.S. companies into the administration's coffers raises questions about the motivations and expected returns that would justify such payments.
Read at The Verge
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