Trump administration set to receive $10 billion fee for brokering TikTok deal, WSJ reports


FILE PHOTO: A 3D-printed miniature model depicting U.S. President Donald Trump in front of TikTok logo is shown in this illustration taken September 24, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

March ⁠13 (Reuters) - 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.

(Reporting by ​Juby ⁠Babu in ​Mexico ‌City; Editing ​by Arun Koyyur)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Elon Musk, who owns X, appears to post on TikTok
China’s state media turns to social media and AI to tell its story – and often mock the US
TSMC likely to book fourth straight quarter of record profit on insatiable AI demand
IMF chief warns global monetary system not ready for AI cyber threats
Time out: A new approach to healthy screen habits for kids
In Europe first, Netherlands to allow Teslas to self-drive
US FTC in settlement talks with ad companies in boycott probe, WSJ reports
UK regulators rush to assess risks of latest Anthropic AI model, FT reports
Mythos AI alarm bells: Fair warning or marketing hype?
UK seeks jail terms for tech bosses over non-consensual sex images

Others Also Read