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US TikTok Deal Comes with a Multibillion-Dollar Government Fee
['Jean Leon', 'Sai Krishna']
Android Headlines
A government multibillion-dollar fee is at the center of the TikTok dealAccording to The Wall Street Journal, the fee will come directly from the group of American investors set to acquire a majority stake in TikTok’s U.S. business.
The fee is the price of admission to a deal that aims to resolve national security concerns over the popular app.
A move to stay in the good graces of the U.S. governmentFor the American investors, paying a multibillion-dollar fee to the government is a calculated move.
Trump has stated that the investors are American “patriots” who “love this [United States] country.”China’s government still needs to give its formal approval to the deal.
However, US President Trump claims that China has already given the go-ahead and there are only formalities pending.
['president'
'investors'
'set'
'comes'
'stake'
'tiktoks'
'american'
'trump'
'multibilliondollar'
'tiktok'
'fee'
'deal']