Is TikTok really selling its US business? Kind of. TikTok has reached an agreement that would give it a new set of owners in the US as part of a joint-venture agreement. Larry Ellison's Oracle, Abu Dhabi investment firm MGX, and private-equity firm Silver Lake are all coming on as managing investors in the US spin-off.But how much influence will these investors have over the money-making side of the business? Not much, according to an internal memo TikTok CEO Shou Chew sent to employees on Thursday, viewed ...

Buyers often look for businesses that can thrive with minimal involvement from the current owner. A company with clear systems, trained personnel, and documented processes reduces risk and increases buyer confidence. Key areas to address include:For example, if a business shows $2 million in annual revenue with $300,000 in earnings before interest, taxes, depreciation, and amortization (EBITDA), but the owner also runs $50,000 in personal expenses through the business, the adjusted EBITDA would be $350,000. ...