META AGREES TO PAY $25 MILLION TO SETTLE LAWSUIT FROM TRUMP AFTER JAN. 6 SUSPENSION

Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts following the Jan. 6, 2021, attack on the Capitol, according to three people familiar with the matter.

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It's the latest instance of a large corporation settling litigation with the president, who has threatened retribution on his critics and rivals, and comes as Meta and its CEO, Mark Zuckerberg, have joined other large technology companies in trying to ingratiate themselves with the new Trump administration.

The people familiar with the matter spoke on the condition of anonymity Wednesday to discuss the agreement. Two of the people said terms of the agreement include $22 million going to the nonprofit that will become Trump's future presidential library. The balance will go to legal fees and other litigants, they said.

The Wall Street Journal was first to report on the settlement.

Zuckerberg visited Trump in November at his private Florida club to try to mend fences with the incoming president, something other technology, business and government officials have done as well. At the dinner, Trump brought up the litigation and suggested they try to resolve it, kick-starting two months of negotiations between the parties, the people said.