Abu Dhabi royal family to buy 15% stake in TikTok US
The Abu Dhabi royal family is set to take a 15% stake in TikTok US under Donald Trump's executive order. MGX, fund chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will gain a seat on the board. Larry Ellison's Oracle, along with MGX, will control nearly 45% of TikTok US. The social media platform is valued at $14 billion.