(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 ...
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 ...
Baidu, China Internet search and AI giant, has agreed to pay $3.6 billion in cash for the Chinese live-streaming business of JOYY. The deal may help Baidu catch up in the fast-growing live and short ...
Beijing-based Baidu said its $3.6 billion deal for Joyy’s YY Live has expired three years after it was announced because regulators did not approve the transaction by December 31, according to an ...
Robin Li, cofounder and CEO of Baidu. Billionaire Robin Li’s Baidu has scrapped its three-year-long bid to acquire Joyy’s Chinese live-streaming platform, YY Live, for $3.6 billion in cash, as ...
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