Credit: freshidea/Adobe Stock Baidu Calls Off $3.6B Live Streaming Platform Acquisition, Advised by Skadden and Fangda
Joyy Inc, which suffered a substantial stock price fall after the announcement by Baidu, is seeking legal advice and will 'consider all options at its disposal'.
January 03, 2024 at 04:30 AM
2 minute read
Mergers and Acquisitions
The original version of this story was published on Law.com International
Chinese technology conglomerate Baidu has called off its $3.6 billion acquisition of social media platform Joyy Inc.'s video-based entertainment live streaming business in China, YY Live.
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