By News18,Surbhi Pathak

Copyright news18

The royal family of Abu Dhabi is set to acquire a significant stake in TikTok’s US business under a deal reportedly brokered by American President Donald Trump. According to reports, MGX, a fund chaired by Sheikh Tahnoon Bin Zayed Al Nahyan, will secure a 15% stake and a board seat.
The involvement of the UAE royals adds a fresh twist to the already controversial TikTok deal, as questions remain over whether China will approve the agreement. The deal comes over a year after US lawmakers voted to ban TikTok unless sold, citing privacy and national security risks. However, the UAE’s entry as a major shareholder could spark debate, given Sheikh Tahnoon’s dual role as the UAE’s national security adviser.