The Abu Dhabi royal family is making waves by purchasing a 15% stake in TikTok’s US operations, with the deal valuing the platform at $14 billion.
This move was approved by a Donald Trump executive order and gives Sheikh Tahnoon bin Zayed Al Nahyan’s MGX group a board seat as part of the investment The deal aims to address national security concerns while keeping TikTok operational in America.
Under the new ownership structure, MGX will receive board representation, joining forces with Oracle, Silver Lake, Michael Dell, and Fox to give American firms over 65% control of TikTok US ByteDance will retain just under 20% of the shares The restructuring includes a new seven-member board where ByteDance can nominate only one member while US investors control the majority ownership change is designed to ease data privacy concerns and ensure smooth TikTok operations in the United States after tensions between US and Chinese leadership. Trump stated the platform “will be majority-owned and controlled by United States persons and will no longer be controlled by any foreign adversary”
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