Washington, USA – ByteDance, the owner of TikTok, announced the signing of joint venture agreements with American and international investors to operate the app’s business within the United States.
This move is intended to end years of controversy and threats of a ban
that have plagued the platform due to alleged concerns about US national security.
In this context, a notable Emirati participation in the deal emerged
through the Abu Dhabi-based technology investment company MGX.
Details of TikTok quotas
According to an internal memo sent by ByteDance CEO Xu Zhizhu to employees,
A group of investors will own 50% of the new entity.
The deal is scheduled to be officially completed on January 22, ensuring
that more than 170 million American users will continue to have access to the platform.
Regarding the distribution of shares, ownership will be distributed as follows:
ByteDance: 19.9%.
Oracle, Silver Lake, and UAE’s MGX: 15% each.
Investors affiliated with ByteDance: 30.1%.
Growing Emirati technological
On the other hand, MGX’s entry into this sensitive deal reflects the
growing Emirati presence in the major technology investment sector.
The company was founded in March 2024 with the aim of
accelerating the development of artificial intelligence and advanced technology.
Accordingly, its participation as a major player alongside giants like
Oracle confirms Abu Dhabi’s transformation into an influential hub in the global technology economy.
The implications of the deal
Moreover, observers believe that this investment alliance represents
a compromise solution that balances Washington’s strict requirements with business continuity.
The presence of an Emirati partner also enhances international confidence in national companies.
This underscores the UAE’s intention to play a pivotal role in shaping
the future of international digital platforms.
This avoids a complete shutdown scenario for the Chinese app in its most important global markets.
