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companyAbu Dhabi-based investment group involved in TikTok's US assets deal.
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Under the agreement, Oracle, the private equity group Silver Lake, and Abu Dhabi-based MGX will hold an 80.1% stake in the new TikTok-USDS, while ByteDance of China will hold on to 19.9%.
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TikTok signs deal to avoid US ban
MGX, the Emirati Investment Fund, is also going to own a stake here.
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TikTok set to sell US assets
And finally, we have confirmation from TikTok that TikTok will sell part of its business to a mixture of firms, and they include Oracle, Silver Lake, and Abu Dhabi-based MGX.