Abu Dhabi-based MGX, a buyer of TikTok U.S., has ties to Trump's personal business
CNBC Televisionยท2025-09-26 19:50
One thing I noted in David Faber's report about who the buyers are going to be of the new Tik Tok US is a little known entity called MGX. Now, that's an Abu Dhabi based firm uh that has a long history with President Trump. They're in the Tik Tok deal, but remember they were also in another deal with President Trump's own cryptocurrency company.MGX was the company that paid about $2 billion to buy uh so-called USD1 stable coins from President Trump's company earlier this year. That $2 billion creates the sta ...