Abu Dhabi Royal-Backed MGX Acquires 15% Stake in TikTok U.S. Amid U.S. Ownership Push – 29/9/2025
MGX, a fund backed by Abu Dhabi’s royal family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring designed to increase American control of the popular video-sharing app, The Washington Post reported Friday.
Led by Sheikh Tahnoon bin Zayed Al Nahyan, MGX joins Oracle—co-founded by Larry Ellison—in holding roughly 45% of TikTok’s U.S. operations. With other U.S. investors involved, American entities are expected to own more than 65% of the business.
TikTok’s Chinese parent, ByteDance, will retain a 19.9% stake in the U.S. arm, a structure aimed at easing regulatory concerns in Washington, where former President Trump has repeatedly pushed for stricter oversight of the app’s ownership and data practices.
MGX’s role adds extra interest, as the fund earlier this year acquired $2 billion in USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. Backed by U.S. Treasuries, cash, and equivalents, USD1 is marketed as a way to access financial services outside traditional banks. MGX has already used the stablecoin in its investment in Binance, demonstrating its willingness to deploy it in large-scale deals.
For MGX, the TikTok stake represents a high-profile entry into the U.S. social media market, where the platform continues to influence digital culture, advertising, and consumer engagement.
