Announced
Financials
Tags
Majority
Digital Services
Domestic
Single Bidder
Acquisition
Friendly
Private
live streaming
China
Failed
Synopsis
Baidu, a Chinese search engine company, terminated the agreement to acquire a live streaming business of JOYY, a social media firm, for $3.6bn. Baidu said its $3.6bn deal for Joyy’s YY Live has expired three years after it was unveiled because regulators did not approve the transaction by December 31. The deal was previously slated to close in the first half of 2021.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.