Baidu Cancels $3.6 Billion Acquisition of JOYY’s China Live-Streaming Unit


Baidu terminates $3.6 billion acquisition of JOYY’s China live-streaming business.

Baidu’s Decision

China’s tech giant Baidu has announced the cancellation of its $3.6 billion deal to acquire JOYY Inc’s live-streaming business in China. The termination was disclosed in a filing with the Hong Kong stock exchange on Monday.