Markets
What to know:
- MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take a 15% stake in TikTok U.S.
- Oracle and MGX together will hold about 45% of the U.S. unit.
- MGX previously bought $2 billion worth of USD1, a stablecoin launched by the Donald Trump-linked World Liberty Financial.
Breaking News: Dubai’s Royal Family Just Got a Seat at the TikTok Table (And It’s Not for the Reason You Think) 🎤👑. MGX, a fund so wealthy it could buy a small country, is now 15% owner of TikTok’s U.S. business. Because nothing says “American control” like a billionaire prince and a database company. 🤡
The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the database giant co-founded by Larry Ellison. Together, they’re like a buddy system for TikTok’s soul. 🚀
TikTok’s Chinese parent, ByteDance, will remain a significant shareholder, keeping a 19.9% stake in the U.S. arm. Because nothing says “trust us” like a 20% stake and a bunch of red tape. 📉
MGX’s role in the deal adds another layer of intrigue. Earlier this year, the fund bought $2 billion worth of USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. Because who doesn’t want to invest in a token backed by U.S. Treasuries and… whatever that is? 💸
For MGX, the TikTok stake provides a high-profile foothold in the U.S. social media market, where the platform’s influence over culture and advertising continues to expand. Because nothing says “I’m relevant” like owning a piece of a app that’s basically a 24/7 dance party. 🕺
Read More
- Bitcoin’s Ballet: Will the Bull Pirouette or Stumble? 💃🐂
- Can the Stock Market Defy Logic and Achieve a Third Consecutive 20% Gain?
- Dogecoin’s Big Yawn: Musk’s X Money Launch Leaves Market Unimpressed 🐕💸
- Deepfake Drama Alert: Crypto’s New Nemesis Is Your AI Twin! 🧠💸
- LINK’s Tumble: A Tale of Woe, Wraiths, and Wrapped Assets 🌉💸
- SentinelOne’s Sisyphean Siege: A Study in Cybersecurity Hubris
- Binance’s $5M Bounty: Snitch or Be Scammed! 😈💰
- Ethereum’s $140M Buy: Will It Save Us? 😱
- ADA: 20% Drop or 50% Rally? 🚀💸 #CryptoCrisisComedy
- Unbelievable News: Brazil’s B3 Stock Exchange to Unveil a Stablecoin Next Year!
2025-09-27 02:03