MGX

Money Moves

Expected largest participant in OpenAI's round

The Financial Times reported on November 3 that OpenAI is seeking up to $20 billion at a $1.25 trillion valuation, about a third less than the $30 billion it first pitched. The round is still open, with roughly $11 billion in commitments, and the figures could change.

Updated Nov 1

Money Moves

As of July 2026: Co-lead buyer

The biggest data-center deal ever recorded just closed. An investor group led by Abu Dhabi's MGX and BlackRock paid about $40 billion for Aligned Data Centers, a company that builds the buildings where artificial intelligence runs.

Updated Jul 23

Money Moves

As of May 2026: Managing investor with 15% stake

For five years, the world's most popular social media app lived under a death sentence. TikTok, used by 170 million Americans, faced repeated ban threats from two administrations convinced its Chinese ownership posed an unacceptable national security risk. On January 23, 2026, that uncertainty ended: TikTok USDS Joint Venture LLC became operational, transferring 80.1% ownership to American and allied investors while ByteDance retained a non-controlling 19.9% stake.

Updated May 22

Rule Changes

As of May 2026: New 15% managing investor in TikTok USDS Joint Venture LLC

The deal closed on January 22, 2026. TikTok's U.S. operations now belong to TikTok USDS Joint Venture LLC—a new entity where Oracle, Silver Lake, and Abu Dhabi's MGX each hold 15%, existing ByteDance investor affiliates hold 30.1%, and ByteDance itself retains exactly 19.9%.

Updated May 15