Baidu to Acquire Video Streaming Site JOYY’s Live Streaming Business for $3.6 billion
Baidu, a search engine for China is set to acquire JOYY Inc. , a global video-based social media platform for $3.6 billion. Baidu will acquire JOYY’s domestic video-based entertainment live streaming business (“YY Live”), which includes the YY mobile app, YY.com website, and PC YY, among others, for an aggregate ...