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That payment will reportedly come from TikTok’s US traders, together with non-public fairness agency Silver Lake and Oracle, with the brand new group getting half of TikTok, whereas TikTok China’s mother or father firm ByteDance would nonetheless have underneath 20 p.c.
So to see the WSJ reporting that “individuals acquainted with the matter” suppose a deal may not solely get accepted, but in addition see billions of {dollars} movement from US corporations into the Trump Administration’s coffers, appears like one thing to pay attention to. Why would these corporations pay Trump’s authorities billions until they suppose they’ll make much more?
