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.