Trump administration is allegedly collecting $10 billion on the TikTok deal

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The new investors are on the hook for a huge transaction fee.

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In September, Donald Trump claimed that “the United States is getting atremendous fee” for brokering the TikTok deal.

Now sources tell theWall Street Journaland theNew York Timesthat fee is expected to be in the range of $10 billion.

The money is supposedly being paid by new investors, including Oracle and Silver Lake.

Reports are that $2.5 billion was already paid to the Treasury when the deal closed on January 22nd.

The rest will be paid out in installments.

This is the latest example of the Trump administration inserting itself into private business in unprecedented ways, including taking on a10-percent stake in Intellast August, a “golden share” in US Steel, and a 20-percent cut in chip sales from Nvidia to China.

In this instance, the deal also involves one of Trump’s biggest supporters and fundraisers,Larry Ellison,co-founder and CTO of Oracle.

If the reporting is accurate, the fee would represent over 70 percent of the deal’s value, which saw a group of investors take a majority stake in TikTok for $14 billion.

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