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According to a high-ranking representative of the White House, an agreement is made in the dispute over the future of the Video app in the USA. The agreement stipulates the agreement that a new company with a seven-member board of directors would be founded for the US business, the government representative said on Saturday. Six of the members are said to be Americans while the Chinese parent company may name a member. Bytedance itself should keep less than 20 percent of the new joint venture that controls Tikok’s US activities. The majority should be with US investors.
