Abu Dhabi-Backed Fund MGX Takes 15% Share in TikTok U.S. in Significant Deal

Abu Dhabi Royal-Backed MGX Takes 15% Stake in TikTok U.S. Amid Ownership Restructuring – 29/9/2025

MGX, a fund backed by Abu Dhabi’s royal family, is set to acquire a 15% stake in TikTok’s U.S. business as part of a broader restructuring designed to increase American control of the popular video app, The Washington Post reported Friday.

The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, positions MGX alongside Oracle, co-founded by Larry Ellison, with the two entities collectively holding roughly 45% of TikTok’s U.S. operations. Including other U.S. investors, American companies are expected to own more than 65% of the business.

ByteDance, TikTok’s Chinese parent company, will retain a 19.9% stake, a structure aimed at easing regulatory concerns in Washington, where former President Trump has repeatedly called for stricter oversight of the app’s ownership and data practices.

MGX’s involvement adds a layer of interest given its earlier investments. Earlier this year, the fund purchased $2 billion worth of USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. Backed by U.S. Treasuries, cash, and equivalents, USD1 is designed to offer financial services outside traditional banks. MGX has already used USD1 in its investment in Binance, signaling a readiness to deploy the stablecoin in large-scale deals.

The TikTok stake gives MGX a high-profile foothold in the U.S. social media market, where the platform continues to shape digital culture, advertising, and consumer engagement.

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