MGX, a fund supported by Abu Dhabi’s royal family, will take a 15% stake in TikTok’s U.S. operations, part of a restructuring designed to boost American control of the widely used video-sharing app, The Washington Post reported Friday.
The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, pairs MGX with Oracle, co-founded by Larry Ellison. Together, the two will control approximately 45% of TikTok’s U.S. business. With additional U.S. investors involved, American entities are expected to hold over 65% of the platform’s U.S. operations.
ByteDance, TikTok’s Chinese parent company, will retain a 19.9% stake, a structure aimed at addressing Washington’s regulatory concerns. Former President Trump has repeatedly called for tighter oversight of the app’s ownership and data practices.
MGX’s participation adds another layer of interest. Earlier this year, the fund invested $2 billion in USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. Backed by U.S. Treasuries, cash, and equivalents, USD1 is designed to provide financial access outside traditional banking. MGX has already used the stablecoin in investments such as Binance, showing its willingness to deploy USD1 in large-scale transactions.
The TikTok stake provides MGX with a high-profile entry into the U.S. social media market, where the platform continues to influence digital culture, advertising, and online engagement.
