00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump administration is set to receive about $10 billion in fees from investors
00:07involved in the deal to take control of TikTok's U.S. business, according to the Wall Street Journal.
00:12The payments are part of the agreement that transferred control of TikTok's U.S. operations
00:16from ByteDance to a new U.S. entity backed by investors, including Oracle, Silver Lake,
00:21and Abu Dhabi investor MGX. Administration officials said the fee reflects Trump's role
00:27in keeping TikTok operating in the U.S., negotiating with China and addressing lawmakers' security
00:32concerns. The TikTok fee from private investors marks the administration's latest transaction
00:38involving major U.S. companies. For all things money, visit Benzinga.com.
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