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Benchmark reaffirmed their hold rating on shares of JOYY (NASDAQ:YY – Free Report) in a research report report published on Tuesday, MarketBeat reports. Separately, StockNews.com raised JOYY from a hold rating to a buy rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and […]
Key Insights Institutions' substantial holdings in JOYY implies that they have significant influence over the company's...
JOYY (NASDAQ:YY – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday. Separately, Benchmark restated a “hold” rating on shares of JOYY in a report on Tuesday. Four investment analysts have rated the stock with a hold rating […]
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.
Baidu affiliate Moon SPV Ltd terminated the share purchase agreement with JOYY because the conditions of closing the deal it provided for "had not been fully satisfied" as of the end of 2023, Baidu said in an exchange filing on Monday.