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There may have been some extra incentive for the Trump administration to get the TikTok US deal done. According to a report from The Wall Street Journal, the Trump administration is set to receive a total of $10 billion in the deal that allowed TikTok to remain in the US. The new investors who acquired stakes in the US entity of TikTok already paid a $2.5 billion fee to the administration when the deal closed in January, but WSJ's latest report noted that the group of investors would continue to make payments until the total hits $10 billion.
After a group of investors, which includes Oracle along with the Silver Lake and MGX investment firms, acquired stakes in the US-based TikTok entity called TikTok USDS Joint Venture, the WSJ previously reported that the administration would receive a "multibillion-dollar fee" for its work on the deal. To better contextualize the recently-revealed $10 billion fee the Trump administration is receiving, the US entity of TikTok was valued at $14 billion by Vice President JD Vance.
The Trump administration has previously involved itself in major deals with other US corporations. Last year
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NEW RESOURCES NJ State House News Service: NJ government portal allows the public to aid in keeping an eye on ICE activities in the state.. "The state-run online portal allows residents to […]
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After Apple's big week of announcements, this week saw all of the new products officially become available, so reviewers and general users alike are now getting their hands on them and putting them through their paces.
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The colorful new wallpapers that Apple introduced with the MacBook Neo are available for all Macs in the fourth beta of macOS Tahoe 26.4 that came out for developers today.
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