BUZZ-US-listed shares of JOYY rise on Baidu's deal to buy cos live-streaming business
ReutersFeb 25, 2025 11:19 AM
U.S.-listed shares of Chinese social live-streaming platform JOYY Inc YY.O rise 10.9% to $53.98 premarket
Baidu 9888.HK is acquiring YY's live-streaming business in mainland China for about $2.1 billion
In 2024, Baidu terminated its planned $3.6 bln acquisition of YY's live-streaming business in China
Up to last close, YY stock had risen 19.7%
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