Baidu acquires live streaming business in China

Baidu Acquires YY Live for $2.1B, Boosting AI and Livestreaming Expansion
Baidu Inc. (NASDAQ:BIDU) saw its shares climb in Hong Kong trading on Wednesday after confirming its $2.1 billion acquisition of YY Live from JOYY Inc. (NASDAQ:YY). Baidus stock (HK:9888) surged up to 3% to HK$88.
Baidu acquires JOYY's live-streaming business in China for $2.1 billion
Baidu said on Tuesday it has acquired social media firm JOYY's live-streaming business in mainland China for about $2.1 billion, as the search engine giant looks to diversify its revenue stream. U.S.-listed shares of JOYY jumped 6%,
Baidu Buys YY Live Video Streaming Business for $2.1 Billion
Baidu Inc. has acquired the YY Live streaming platform from Joyy Inc., concluding a drawn-out deal that had been in the works since 2020.
Baidu Completes Acquisition of JOYY’s YY Live Video Streaming Service for $2.1 Billion
JOYY Inc, a NASDAQ-listed company, has entered into agreements with Chinese tech giant Baidu to complete the sale of YY Live, its video-based entertainment live-streaming business in Mainland China. The latter paid approximately $240 million to close the deal, bringing the aggregate purchase price to $2.1 billion in cash.
Baidu acquires YY streaming platform for US$2.1b
China’s leading search engine Baidu has bought YY Live streaming platform from JOYY Inc as it seeks to diversify its revenue streams.
Baidu buys livestreaming site for $2.1bn a year after shelving deal
Chinese internet giant Baidu said on Tuesday it had purchased social media platform JOYY Inc's livestreaming business for $2.1 billion, a year after it canceled a deal partly because it failed to get government approval.
Baidu buys JOYY's China live-streaming unit for $2.1 billion in digital video push
Baidu said on Tuesday it has bought JOYY's China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.
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Baidu HK shares rise on $2.1 bln livestreaming deal
Baidu’s Hong Kong shares (HK: 9888) rose as much as 3% to HK$88.65, helping underpin a 2% rise in the broader Hang Seng index ...
Joyy price target raised to $57.10 from $46 at Jefferies
Jefferies analyst Thomas Chong raised the firm’s price target on Joyy (YY) to $57.10 from $46 and keeps a Buy rating on the shares after the ...
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Baidu buys livestreaming site for US$2.1 billion a year after shelving deal
Chinese internet giant Baidu said on Tuesday (Feb 25) it had purchased social media platform JOYY Inc’s livestreaming ...