MGX

Entity category: Organization

BigTech Companies

Who Owns TikTok? Key Facts About Its US Operations

TikTok's U.S. operations have been restructured into a new American-owned entity, "TikTok USDS Joint Venture LLC," in response to a…

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BigTech Companies

Congress Questions if TikTok Deal Follows Its Own Law

TikTok's new U.S. data security joint venture, majority-owned by Oracle and investment firms, has sparked bipartisan congressional concern over insufficient…

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BigTech Companies

Adam Presser Appointed CEO of U.S.-Controlled TikTok Venture

A new joint venture led by Silver Lake, Oracle, and Abu Dhabi's MGX now controls TikTok's U.S. operations, directly addressing…

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BigTech Companies

TikTok’s New Owners: How Your Feed Will Change

A consortium including Silver Lake, Oracle, and Abu Dhabi's MGX has finalized a deal to create a new U.S.-based corporate…

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BigTech Companies

The US TikTok Deal: What You Need to Know

A deal has been signed to transfer a substantial portion of TikTok's U.S. operations to a consortium of American investors,…

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BigTech Companies

Oracle, Silver Lake Lead TikTok U.S. Deal Closing Next Month

A consortium of American-led investors will assume control of TikTok's U.S. operations by January 2026, creating a new joint venture…

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BigTech Companies

TikTok U.S. Deal With Oracle, Silver Lake to Close in January

TikTok and ByteDance have formed a U.S.-based joint venture to comply with a "divest-or-ban" law, with the new entity set…

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BigTech Companies

TikTok Ban: Latest Updates on the US Shutdown and Return

TikTok has resolved a U.S. legal challenge by creating a new joint venture, TikTok USDS Joint Venture LLC, set to…

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BigTech Companies

TikTok’s US Sale Is Now Official

The sale of TikTok's U.S. operations is confirmed, with a consortium including Oracle and Silver Lake acquiring a 45% stake,…

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Artificial Intelligence

MGX, AIP, and BlackRock’s GIP to Buy Aligned Data Centers for $40B

A consortium including MGX, AIP, and BlackRock's GIP is acquiring Aligned Data Centers for $40 billion, marking AIP's first investment…

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BigTech Companies

Trump Approves TikTok-Oracle Deal to Avoid US Ban

President Trump has endorsed a deal to transfer control of TikTok's U.S. operations to a consortium of American firms, valuing…

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AI & Tech

OpenAI’s ‘Stargate’ Expands with 5 New US AI Data Centers

OpenAI is expanding its AI infrastructure with five new U.S. data centers as part of Project Stargate, highlighting the massive…

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Artificial Intelligence

Qatar Backs Anthropic’s Record $13B AI Round, Valuation Hits $183B

The Qatar Investment Authority is a key participant in Anthropic's $13 billion Series F funding round, which values the AI…

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Artificial Intelligence

Anthropic CEO Confirms Plans to Seek Gulf State Investments

Anthropic is in discussions with UAE and Qatar for potential funding, despite ethical concerns about accepting capital from governments with…

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AI & Tech

Mistral AI Explained: The Rising OpenAI Competitor

Mistral AI is a leading European AI startup, competing with OpenAI through innovative models like Le Chat, backed by strong…

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AI & Tech

Mistral Unveils Voxtral: First Open-Source AI Audio Model

Mistral has launched Voxtral, a groundbreaking open-source audio model for business applications, offering an affordable, high-performance alternative to proprietary speech…

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Artificial Intelligence

Mistral AI in Talks to Raise $1 Billion in Funding

Mistral AI is negotiating a $1 billion funding round, with potential backing from Abu Dhabi's MGX and French institutions like…

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AI & Tech

Trump Unveils $500 Billion “Project Stargate” AI Initiative: A Bid for Global Dominance or a Gamble with the Future?

In a sweeping announcement yesterday, President Donald Trump revealed Project Stargate, a $500 billion public-private partnership with tech titans OpenAI,…

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