Venture Capital
@venture
�Trump administration to receive $10B fee from TikTok U.S. deal
Investors taking control of TikTok’s U.S. business agreed to pay the U.S. government about $10B as part of the deal that shifted the platform’s American operations away from ByteDance.
Backers of the new U.S. entity include Oracle, Silver Lake, and Abu Dhabi investor MGX. Around $2.5B was paid to the Treasury when the deal closed in January, with additional payments planned until the total reaches $10B.
The new TikTok U.S. company is valued at about $14B and will still share profits with ByteDance, which licensed its algorithm and keeps nearly a 20% stake.
Such a fee for brokering a corporate transaction is highly unusual for a government.
@venture
Investors taking control of TikTok’s U.S. business agreed to pay the U.S. government about $10B as part of the deal that shifted the platform’s American operations away from ByteDance.
Backers of the new U.S. entity include Oracle, Silver Lake, and Abu Dhabi investor MGX. Around $2.5B was paid to the Treasury when the deal closed in January, with additional payments planned until the total reaches $10B.
The new TikTok U.S. company is valued at about $14B and will still share profits with ByteDance, which licensed its algorithm and keeps nearly a 20% stake.
Such a fee for brokering a corporate transaction is highly unusual for a government.
@venture
❤ 191
👎 92
💯 17
6 3.3K
Обсуждение 0
Обсуждение не доступно в веб-версии. Чтобы написать комментарий, перейдите в приложение Telegram.
Обсудить в Telegram