The ultra-wealthy royal family of Abu Dhabi is poised to acquire a stake in TikTok’s US operations through a deal facilitated by President Donald Trump. Reports indicate that MGX, a fund led by Sheikh Tahnoon Bin Zayed Al Nahyan, will obtain a 15% ownership share along with a seat on the company’s board.

According to The Guardian , the Abu Dhabi royal family will hold a stake in TikTok US, which has been valued at $14 billion ( ₹ 12,4197 crore).

Trump referred to the buyers as “very sophisticated Americans and people who love their country”. He said, “We have American investors taking it over it, running it [who are] highly sophisticated, including Larry Ellison [the Oracle founder].”

Oracle, founded by Larry Ellison, along with the private equity firm Silver Lake and Abu Dhabi’s

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