Company of the Day: Baidu

+12.83%
Upside
105
Market
119
Trefis
BIDU: Baidu logo
BIDU
Baidu

Baidu (NASDAQ: BIDU) has entered into a definitive agreement to acquire JOYY’s live streaming business in China for around $3.6 billion in cash. The deal includes the YY mobile app, YY.com website, and PC YY. The deal is expected to close in the first half of 2021.

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