News Formal

Baidu to buy JOYY's live-streaming business in China for US$3.6b | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SHANGHAI, Nov 17 — Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about US$3.6 billion (RM14.83 billion) in cash. The deal is expected to close in the first half of 2021 and would includes YY mobile...

A Baidu sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China December 4, 2017. — Reuters pic

SHANGHAI, Nov 17 — Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about US$3.6 billion in cash. The deal is expected to close in the first half of 2021 and would includes YY mobile app, YY.com website and PC YY, among others, the company said. — Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC: Baidu in talks to raise funds for AI chip company | Malay MailBEIJING, Feb 10 — China’s search engine giant Baidu Inc is in talks to raise cash for an artificial intelligence semiconductor company, CNBC reported today, citing a person familiar with the matter. Venture capital firms GGV and IDG Capital are in discussions with Baidu, which is looking to...
Source: malaymail - 🏆 1. / 86 Read more »