According to a statement released by Meta on Wednesday, the business has agreed to pay President Donald Trump $25 million to resolve a 2021 lawsuit he filed alleging he was illegally blocked by Facebook and Instagram following the US Capitol incident.

In what was perceived as a win for Trump, the Wall Street Journal was the first to report about the settlement of the lawsuit against Meta and its CEO, Mark Zuckerberg.

The Journal reported that according to those familiar with the arrangement, $22 million of the money will be used to support Trump’s future presidential library, while the remaining sum will be used to pay other plaintiffs in the case and cover legal costs.

In the deal, Meta will not acknowledge any misconduct related to Trump’s account suspensions.

The settlement was verified to AFP by a Meta representative.

Following his supporters’ January 6, 2021 uprising, Trump was widely attacked by social media companies for suspending his accounts and for remarks he made that appeared to praise those involved in the violence.

Elon Musk, the owner of X, and Mark Zuckerberg, who both attended Trump’s inauguration last week in Washington, are among the tech billionaires he has recently courted.

In addition to changing Meta’s policies to remove limitations on certain content within the company’s apps—which include Facebook, Instagram, Threads, and WhatsApp—Zuckerberg has voiced his support for Trump.

Zuckerberg, who allegedly had dinner with Trump at his Florida mansion in November, announced this month that Meta would be “restoring free expression on our platforms” as part of a rollback of fact-checking activities.

As media companies brace for a second Trump presidency, the settlement is their most recent concession.

In order to settle a defamation lawsuit filed by Trump for remarks made by a prominent anchor about him on-air, ABC News agreed to pay a $15 million settlement payment in December.

Meta announced earlier Wednesday that its net income for the entire year increased by 59% to $62.36 billion.