United Arab Emirates state-backed investment firm MGX has joined the TikTok deal and will be one of the three main backers of the new entity alongside Silver Lake and Oracle, a person familiar with the agreement said. MGX, Silver Lake and Oracle will each own 15% of the new entity, leaving roughly 5% for other potential new investors, the person said. CNBC previously reported that MGX was joining the deal.
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UAE Investment Firm Joins TikTok Deal, Source Says
Published 1 month ago
Sep 25, 2025 at 9:32 PM
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