March 17 (Reuters) – The top Democrat on the Senate Intelligence Committee on Tuesday asked the White House to answer if investors are paying $10 billion to the Treasury as part of the Trump administration-brokered sale of TikTok’s U.S. operations.
Senator Mark Warner cited a Wall Street Journal report that investors in the new TikTok joint venture – including Oracle, Silver Lake, Abu Dhabi’s MGX, and other investors – have already paid $2.5 billion to the Treasury and will pay the remaining $7.5 billion in installments. ByteDance said in January TikTok USDS Joint Venture LLC will secure U.S. user data, apps and algorithms through data privacy and cybersecurity measures.
(Reporting by David Shepardson)
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