US TikTok deal includes MGX, Abu Dhabi firm with long Trump crypto ties: Report
As the US prepares to clear the path for TikTok’s reentry, a CNBC report has noted that one of the main investors in TikTok’s US operations, Abu Dhabi-based MGX, has a long history of personal and business dealings with President Donald Trump.
“David Faber’s report about who the buyers are going to be of the new TikTok US. It is a little known entity called MGX. That’s an Abu Dhabi based firm that has a long history with President Trump,” said CNBC’s Eamon Javers.
