TikTok investors set to pay $10 billion fee to Trump administration

Investors in a deal to create a U.S.-controlled TikTok are set to pay $10 billion to the U.S. Treasury, the latest example of the Trump administration inserting the federal government into corporate dealmaking in unusual ways.

The fee, which the U.S. government is considering a transaction fee for its role in helping bring about the deal, will be paid by new investors in the U.S. TikTok, according to two people briefed on the matter who were not authorized to speak publicly about the transaction.