Baidu Acquires JOYY's YY Live Business in China
February 25, 2025
Baidu has acquired JOYY Inc.'s video-based entertainment live streaming business in mainland China (known as YY Live) for approximately US$2.1 billion. As part of the deal, about US$1.6 billion previously deposited in escrow was released to Baidu, which plans to invest those funds in its cloud and AI infrastructure.
- Buyers
- Baidu, Inc.
- Targets
- YY Live (JOYY's live streaming business in mainland China)
- Sellers
- JOYY Inc.
- Industry
- Media & Entertainment
- Location
- China
- Transaction Type
- Divestiture
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