Completion of Baidu's YY Live Deal Removes Uncertainties -- Market Talk

Dow Jones

2025/02/26

0402 GMT - The completion of Baidu's YY Live acquisition is a relief after an extended delay, Citi analysts say in a research note. Baidu said back in 2020 that it had entered into definitive agreements with JOYY to acquire its video-based entertainment live-streaming business in China. The completion of the acquisition indicates a resolution to a long unresolved situation, Citi says. The release of US$1.6 billion in cash from escrow is positive for Baidu, especially given that the tech giant plans to invest the funds in its cloud and AI infrastructure, the bank says. Baidu's H-shares are 2.3% higher at HK$88.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 25, 2025 23:02 ET (04:02 GMT)

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Baidu said back in 2020 that it had entered into definitive agreements with JOYY to acquire its video-based entertainment live-streaming business in China. The completion of the acquisition indicates a resolution to a long unresolved situation, Citi says. The release of US$1.6 billion in cash from escrow is positive for Baidu, especially given that the tech giant plans to invest the funds in its cloud and AI infrastructure, the bank says. Baidu's H-shares are 2.3% higher at HK$88.00. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 23:02 ET (04:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4587","symbol_name":"ChatGPT概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514071760","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514071760","pubTimestamp":1740542520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0402 GMT - The completion of Baidu's YY Live acquisition is a relief after an extended delay, Citi analysts say in a research note. Baidu said back in 2020 that it had entered into definitive agreements with JOYY to acquire its video-based entertainment live-streaming business in China. The completion of the acquisition indicates a resolution to a long unresolved situation, Citi says. The release of US$1.6 billion in cash from escrow is positive for Baidu, especially given that the tech giant plans to invest the funds in its cloud and AI infrastructure, the bank says. Baidu's H-shares are 2.3% higher at HK$88.00. 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