ByteDance strikes a deal with a group of non-Chinese investors to create a new TikTok US entity and avoid a federal ban, concluding a six-year legal saga
Here's all you need to knowAnkita Chakravarti /Moneycontrol:TikTok avoids US ban after sealing last-minute dealJoy Chakravarty /Arabian Business:Abu Dhabi's MGX buys 15% stake to keep TikTok alive in ...
TikTok's new majority US-owned JV includes investors Oracle, Silver Lake, and Abu Dhabi's MGX, each holding 15%, and Dell Family Office; ByteDance retains 19.9%
Video app sets up American unit to handle data and algorithm security — TikTok has established a US data security unit …
Source: OpenAI employees sold shares worth ~$6.6B to a consortium of investors including Thrive Capital, SoftBank, Dragoneer, Abu Dhabi's MGX, and T. Rowe Price
OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current …
Sources: Oracle, Silver Lake, and Abu Dhabi's MGX will be the main TikTok USA investors, with a ~45% stake; ByteDance will own 19.9% and ByteDance investors 35%
We may never know if the administration-brokered TikTok sale complies with the law … New York Times : Trump Clears Way for American-Owned TikTok Valued at $14 Billion Financial Times : TikTok US to be...
Sources: Mistral is in discussions, including with Abu Dhabi's MGX, to raise $1B at a valuation of about $10B, up from its previous valuation of €5.8B
Financial Times :
President Trump's World Liberty Financial says Abu Dhabi's MGX fund is investing $2B in Binance using World Liberty's USD1 stablecoin, raising ethical concerns
A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president's son …
BlackRock, Microsoft, and Abu Dhabi's MGX say Nvidia and xAI joined a consortium to build AI infrastructure in the US; investors committed $100B for deployment
Akash Sriram / Reuters :
Binance says Abu Dhabi's MGX acquired a minority stake for $2B, the first institutional investment in the exchange and MGX's first entry into the crypto
Binance said Abu Dhabi's MGX has acquired a minority stake for $2 billion, the first institutional investment in the world's largest cryptocurrency exchange.