U.S. Treasury Set to Receive About $10 Billion From Group That Acquired TikTok’s U.S. Unit
The Wall Street Journal reports the U.S. Treasury is due roughly $10 billion from the investor consortium that assumed control of TikTok’s American operations. The payment - described by President Trump as a "fee-plus" - was financed by backers including Oracle, Silver Lake and Abu Dhabi-based MGX, and is separate from capital invested to create th…