security concerns
Abu Dhabi’s MGX among top investors in new U.S. TikTok
China’s ByteDance will retain a 20% interest in the U.S. app, while MGX, Larry Ellison's Oracle and private equity firm Silver Lake will each hold 15%
Nicolas Economou/NurPhoto via Getty Images
TikTok stand at the BRIDGE Summit in Abu Dhabi last month
Add The Circuit on GoogleEmirati investment fund MGX has emerged as a central player in the deal struck with China’s ByteDance on Thursday to create a U.S. TikTok, joining Oracle and private equity firm Silver Lake in the venture that has an estimated value...
