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Technology Stocks : Baidu (BIDU)
BIDU 103.80-0.3%9:30 AM EDT

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From: Sr K1/1/2024 7:29:30 PM
   of 2077
 
Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business

As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said

By
P.R. Venkat
Jan. 1, 2024 6:44 pm ET

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The Baidu Inc. logo atop the company’s R&D Center in Shanghai, China. PHOTO: QILAI SHEN/BLOOMBERG NEWS
Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China.

As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday.

Exc.
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