Market Chatter: Oracle, Other Investors Set to Pay $10 Billion Fee to Trump Administration for Brokering TikTok Deal

MT Newswires Live

Mar 16

Oracle (ORCL) and other investors taking control of TikTok's US business from Chinese parent ByteDance will pay the Trump administration a roughly $10 billion fee for brokering the deal, The Wall Street Journal reported Friday, citing people familiar with the matter.

The investors paid the Treasury Department about $2.5 billion when the deal closed in January and are set to make several additional payments totaling about $10 billion, the people reportedly said.

Oracle did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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