US-listed shares of JOYY rise on Baidu's deal to buy cos live-streaming business

JOYY

25/02/2025 11:19

** 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% 

 (Reporting by Priyanka.G in Bengaluru)
 ((priyanka.g@thomsonreuters.com;))