Baidu Retreats from Joyy Deal.

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Artur Stańczuk
January 7, 2024
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Summary:

🇨🇳 Baidu Retreats from Joyy Deal. Chinese tech giant Baidu abandons its $3.6B plan to acquire Joyy's livestreaming business, YY Live. Amid unmet conditions and regulatory uncertainties, the significant deal falls through. Joyy seeks legal counsel in response.

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