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Meet MGX: The UAE's sovereign wealth fund working with TikTok, Microsoft and BlackRock
MicrosoftMicrosoft(US:MSFT) CNBC Televisionยท2025-10-16 18:51

We're getting new details now surrounding the backers of a US Tik Tok deal. Steve Kovak is following that for today's tech check. Hey, Steve.>> Yeah, it's not just Tik Tok either. So, look, Joe, we talk so much about household names like Nvidia or Microsoft with all these AI deals in recent weeks. But there's a new name that keeps cropping up, including in yesterday's $40 billion deal to buy that data center company called Aligned.And it's also, like you said, involved in Tik Tok's US business. This is MGX. ...