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JOYY Closes Sale of YY Live

GlobeNewswire LogoGlobeNewswire11h ago

JOYY Closes Sale of YY Live - GlobeNewswire

Quick Summary:

SINGAPORE, Feb.25, 2025 (GLOBE NEWSWIRE) -- JOYY Inc.(NASDAQ: YY) ("JOYY” or the "Company”), a global technology company, today announced that JOYY entered into agreements with Baidu, Inc.(NASDAQ: BIDU) ("Baidu”) with respect to the sale of the video-based entertainment live streaming business in mainland China previously owned by the Company (known as YY Live), for an aggregate purchase price of approximately US$2.1 billion in cash.

Securities and Exchange Commission ("SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.

All information provided in this press release is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Article Details

Author / Journalist: JOYY Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 11:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26431956

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 73 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

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The story "JOYY Closes Sale of YY Live" was covered 11 hours ago by GlobeNewswire, a news publisher based in China.

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The outlet is headquartered in China and publishes an average of 73 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26431956
  • URL: https://beamstart.com/news/joyy-closes-sale-of-yy-17404814592903

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