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

Reuters
02-25
BUZZ-US-listed shares of JOYY rise on Baidu's deal to buy cos live-streaming business

** 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;))

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