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Published on 4 Jan 2024 on Benzinga

Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses - Baidu...


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By Doug Young

It wasn’t a very happy New Year for Joyy Inc. YY, which kicked off 2024 by announcing the collapse of its 3-year-old deal to sell its China-based livestreaming business to Baidu BIDU for $3.6 billion.

NASDAQ.YY price evolution
NASDAQ.BIDU price evolution

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