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 ...
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 ...
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