TikTok's new US owners won't control key parts of the business, according to a leaked memo

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 ...