U.S.-based investment firm Muddy Waters has alleged massive fraud at YY.com, the Chinese live streaming arm of NASDAQ-listed JOYY. Earlier this week Chinese internet search giant Baidu proposed the ...

(RTTNews) - Baidu Inc. (BIDU) has terminated its $3.6 billion acquisition of JOYY Inc.'s (YY) China live-streaming business, citing unmet closing conditions as of the end of 2023. The conditions ...

JOYY should get a payout from Baidu for YY Live's profits while it was in Baidu's control. That could be $700 million. JOYY could spin off YY Live for $500 million. The vast majority of JOYY's ...

Robin Li, cofounder and CEO of Baidu. Billionaire Robin Li’s Baidu has scrapped its three-year-long bid to acquire Joyy’s Chinese live-streaming platform, YY Live, for $3.6 billion in cash, as ...