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Baidu terminates $3.6 billion purchase of JOYY's China live-streaming unit

Published: January 1, 2024

HONG KONG (Reuters) -Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc's China live-streaming business, the company said on Monday in a filing with the Hong Kong stock exchange. The failure of the deal casts a shadow on search engine giant Baidu's ambition to diversify its revenue. The company proposed to acquire JOYY's video-based entertainment live streaming business in China, known as YY Live, in 2020.

Source: yahoo.com

Baidu: Baidu terminates $3.6 billion purchase of JOYY's China live-streaming unit

Published: January 1, 2024

Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc's China live-streaming business, the company said on Monday in a filing with the Hong Kong stock exchange.

Source: indiatimes.com

Published: January 1, 2024

HONG KONG (Reuters) -- Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed Joyy's China livestreaming business, the c

Source: nikkei.com

Baidu Scraps $3.6 Billion Acquisition of Joyy's Live-Streaming as Deal Hits Regulatory Roadblock

Published: January 1, 2024

According to a Monday stock market filing, Chinese tech giant Baidu canceled its $3.6 billion acquisition of JOYY Inc.'s live-streaming subsidiary, YY Live.

Source: techtimes.com