Mark Warner raises questions about Trump's 'tremendous' fee for TikTok deal
(MS NOW) "A reported $10 billion fee being collected from TikTok investors by the Trump administration is raising new questions about the deal that was struck for the social media platform to continue operating in the United States."
"Sen. Mark Warner, D-Va., is demanding answers about the fee, which The Wall Street Journal reported is being paid out by a bunch of uber-rich corporations — based in the U.S. and Abu Dhabi — that have invested large sums of money in TikTok’s American operations."
"Those companies include Oracle, which is led by pro-Trump billionaire Larry Ellison. Citing people familiar with the matter, the Journal reported: The investors include cloud-computing company Oracle, private-equity firm Silver Lake and Abu Dhabi investor MGX. They and other backers paid the Treasury Department about $2.5 billion when the deal closed in January and are set to make several additional payments until hitting the $10 billion total, the people said."
"MS NOW has not independently confirmed the report, but President Donald Trump has said the U.S. was getting a 'tremendous' fee for making the deal."
Continued at link:
https://www.ms.now/opinion/trump-tiktok-fee-deal-mark-warner-larry-ellison-bessent
Where will this $10B "fee" end up?