The media reported that the United States received $10 billion for the TikTok deal.
The administration of US President Donald Trump will receive about $10 billion from investors after the deal to acquire control of the American business on the TikTok social network. This was reported on March 13 by The Wall Street Journal (WSJ), citing sources.
"The Trump administration will receive about $10 billion from investors as part of a recently completed deal to acquire control of TikTok's American business," the publication says.
According to the publication, this payment is part of a deal that includes taking control of TikTok's American operations from the Chinese parent company ByteDance. The list of investors includes Oracle Corporation and the investment firm Silver Lake, as well as MGX from the UAE.
The Tagesschau portal reported on March 6 that the TikTok social network could be fined in the European Union (EU) due to the fact that its interface is addictive to users and violates the EU law on digital services. The constant "rewarding" of users with new content awakens the desire to continue scrolling through the feed and puts the brain into "autopilot mode."
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