JOYY Inc. has announced the sale of its video-based live streaming business, YY Live, in mainland China to Baidu, Inc. for approximately $2.1 billion in cash. This transaction includes an initial ...

U.S.-based investment firm Muddy Waters has alleged massive fraud at YY.com, the Chinese live streaming arm of NASDAQ-listed JOYY. Earlier this week Chinese internet search giant Baidu proposed the ...

(RTTNews) - Baidu Inc. (BIDU) has terminated its $3.6 billion acquisition of JOYY Inc.'s (YY) China live-streaming business, citing unmet closing conditions as of the end of 2023. The conditions ...

JOYY should get a payout from Baidu for YY Live's profits while it was in Baidu's control. That could be $700 million. JOYY could spin off YY Live for $500 million. The vast majority of JOYY's ...

Baidu Inc.’s bid to acquire Joyy Inc.’s live-streaming business for China has lapsed, dealing a blow to the search engine giant’s advances into the digital video arena. The Beijing-based company said ...