Dubai Royal-Backed MGX Acquires 15% Stake in TikTok U.S.
MGX, backed by Dubai’s ruling family, will acquire a 15% stake in TikTok’s U.S. business as part of a restructuring to increase American control.
The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, partners MGX with Oracle, resulting in a combined 45% ownership of TikTok’s U.S. entity.
With other U.S. investors involved, more than 65% of the U.S. business is expected to be owned by American companies.
ByteDance, TikTok's Chinese parent, will retain a 19.9% stake in the U.S. arm to address Washington's concerns over ownership and data practices.
MGX previously invested $2 billion in USD1, a stablecoin linked to Donald Trump’s World Liberty Financial, indicating its strategic use in large-scale deals.
This investment gives MGX significant influence in the U.S. social media market amid TikTok’s growing cultural and advertising impact.
