15-March-2026
Corporate News
 
Trump Administration Set to Receive $10 Billion Fee for Brokering TikTok Deal, WSJ Reports
14-Mar-2026

President Donald Trump's administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok's U.S. business, the Wall Street Journal reported on Friday, citing people familiar with the matter. TikTok's Chinese owner, ByteDance, in January finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U.S. ban on the short video app used by over 200 million Americans.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-13/trump-administration-set-to-receive-10-billion-fee-for-brokering-tiktok-deal-wsj-reports