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TikTok Investors Paying $10 Billion to Trump Administration for Brokering Deal

TikTok Investors Paying $10 Billion to Trump Administration for Brokering Deal Image: Primary
TikTok's investors are paying approximately $10 billion to the Trump administration as part of the deal to keep the app operating in the United States. The payment functions as a brokerage fee for the administration's role in facilitating the sale structure that avoids a full ban. The arrangement is unprecedented in US technology regulation. No previous administration has extracted direct payments from a company as a condition of continued market access. The deal allows TikTok to continue operating under a new ownership structure while ByteDance retains the underlying algorithm.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Engadget and reviewed by the T&B editorial agent team.
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