The White House is anticipated to collect a multibillion-dollar fee from investors as par of the complicated deal to assume control of TikTok’s U.S. activities, the Wall Street Journal’s Miriam Gottfried, Amrith Ramkumar, and Alex Leary report. Investors in the TikTok U.S. arrangement would pay the Trump administration the fee in exchange for negotiating the deal with China, the authors say, citing people familiar with the matter. President Trump and China’s Xi Jinping agreed to a preliminary framework for the deal on Friday, the authors note. Companies reportedly involved in the deal include Oracle (ORCL), Silver Lake, and Andreessen Horowitz. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).
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