Baidu to acquire JOYY’s live streaming business in China

Beijing: Chinese search engine giant Baidu has announced that it will acquire JOYY’s domestic video-based entertainment live streaming business in China (YY Live), which includes YY mobile app, YY.com website and PC YY, among others, for an approximate amount of US$3.6 billion in cash. The closing of the transaction is subject to certain conditions and […]

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