Abu Dhabi-based MGX Acquires 15% Stake in TikTok US Joint Venture

Abu Dhabi-based investment firm MGX Fund Management Limited has joined a consortium of investors advancing a deal to acquire and operate TikTok’s US business. The arrangement positions MGX alongside US technology company Oracle Corporation and private equity firm Silver Lake Management as key stakeholders in a majority-American joint venture set to oversee TikTok’s operations in the United States.

Under the agreement, each of the three investors—Oracle, Silver Lake and MGX—will receive a 15% ownership stake in the new US entity, which is being formed to operate independently and address national security and regulatory concerns that have previously threatened TikTok’s presence in the US market. The remaining shares will be held partly by affiliates of existing investors and by TikTok’s Chinese parent company, ByteDance, which will retain a 19.9% stake.

The US venture will have a seven-member majority-American board responsible for data protection, content moderation and algorithm security within the country, though ByteDance will license its recommendation algorithm to the new entity. The deal is expected to close in January 22nd, 2026.