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TikTok deal payment is criticized as a 'shake-down scheme' by experts | The U.S. government will collect a multibillion-dollar fee from the American investors who will take over TikTok. Some experts call the fee and other deals like it "extortion."
The U.S. government will collect a multibillion-dollar fee from the American investors who will take over TikTok. Some experts call the fee and other deals like it "extortion."
toggle caption Andrew Harnik/Getty Images The Trump administration recently approached a coalition of U.S. investors set to take over TikTok's U.S. operations with an ask: Will the group make a payment to the federal government "in the low billions," according to a person with direct knowledge of the talks. Last week, Disney — which owns ABC — suspended the late-night host after Federal Communications Chairman Brendan Carr threatened action over Kimmel's remarks about the assassination of conservative activist Charlie Kirk. Yale School of Management professor Jeffrey Sonnenfeld recently helped organize a gathering of more than 100 top CEOs, and he said there was near-unanimous consensus in surveys conducted at the event that Trump's interventions in private business are undermining America's free market principles.
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