TRUMP ADMINISTRATION SET TO RECEIVE $10 BILLION FOR FACILITATING TIKTOK DEAL. (PHOTO).

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 Trump administration set to receive $10 billion for facilitating TikTok deal The Trump administration is reportedly set to receive $10 billion for its role in securing the TikTok US deal. According to reports, the group of investors that acquired stakes in TikTok’s U.S. operations—known as TikTok USDS Joint Venture—already paid $2.5 billion when the deal closed in January, with additional payments scheduled until the total reaches $10 billion. The investors include Oracle, Silver Lake, and MGX. The U.S. entity of TikTok was valued at $14 billion by Vice President JD Vance, providing context for the size of the fee. The administration has a history of involvement in major corporate deals, including an $8.9 billion investment in Intel last year that yielded nearly a 9 percent equity stake. In another high-profile move, the Trump administration received a Boeing 747-8 as a gift from the Qatari government in May.
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PRESIDENT BUHARI MOURNS SOUN OF OGBOMOSOLAND.{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari condoles with the family of His Royal Highness, the Soun of Ogbomosoland, Oba Oladunni Oyewumi, Ajagungbade III, CFR, on the demise of the highly revered traditional ruler earlier on Sunday.


The President commiserates with the Government and people of Oyo State and especially the indigenes of Ogbomosoland on the demise of the frontline traditional ruler whose reign of 48 years reinforced the town as a land of peace, accommodating and a bastion of history and tradition.


President Buhari also joins the Oyo State Council of Obas in mourning the First Class Traditional ruler, who will forever be remembered for his counsel and commitment to the unity and harmony within their ranks.


He urges sons and daughters of Ogbomosoland to be consoled with the fact that Oba Oyewumi accentuated his reign with the development and progress of the community through enduring peace and extension of hands of fellowship to peoples of other lands.


President Buhari prays that Almighty Allah will repose his soul.


 


Femi Adesina


Special Adviser to the President


(Media & Publicity)


December 12, 2021

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