Technology9/26/2025•The Guardian
Abu Dhabi royal family to take stake in TikTok US under Trump deal
The Abu Dhabi royal family, through MGX, a fund chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will acquire a 15% stake in TikTok's US business. This deal comes after US President Donald Trump signed an executive order to transfer TikTok's US operations to American owners, valuing the social media platform at $14 billion. The transaction will grant MGX a board seat as part of the spin-off of TikTok's US operations. This move is seen as a strategic investment by the Abu Dhabi royal family in the rapidly growing social media platform, which has faced scrutiny from the US government over national security concerns.
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