Abu Dhabi’s MGX Emerges As Key Player In Trump-Era TikTok Deal And AI Investments
The Abu Dhabi-based technology fund MGX has reportedly become a significant player in major deals during the Trump administration, including the TikTok restructuring and artificial intelligence infrastructure projects. Sources indicate the investment firm’s involvement spans multiple high-profile transactions worth billions of dollars.
MGX’s Reported Role in TikTok Restructuring
According to reports, Abu Dhabi’s technology investment fund MGX has emerged as a key player in the restructuring of TikTok’s US operations following President Donald Trump’s executive order “Saving TikTok While Protecting National Security.” Sources familiar with the matter indicate the executive order paves the way for US investors to take majority control of TikTok, while Chinese parent company ByteDance’s stake would drop to less than 20%.
