JOYY Inc.

YY

US46591M1099

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
33 ^USD	+0.61%		+3.74%	-16.88%

Mar. 19	Jefferies Adjusts JOYY Price Target to $42 From $44.40, Maintains Buy Rating	MT
Mar. 19	Morgan Stanley Adjusts JOYY Price Target to $37 From $40, Maintains Equalweight Rating	MT

JOYY : Baidu to buy JOYY's live-streaming business in China for $3.6 billion

November 16, 2020 at 04:29 pm EST

(Reuters) - Chinese search engine giant Baidu Inc said on Monday it would acquire JOYY Inc's video-based entertainment live streaming business in China for about $3.6 billion in cash.

The deal is expected to close in the first half of 2021 and would includes YY mobile app, YY.com website and PC YY, among others, the company said.

(Reporting by Ayanti Bera in Bengaluru; Editing by Arun Koyyur)

Latest news about JOYY Inc.

Jefferies Adjusts JOYY Price Target to $42 From $44.40, Maintains Buy Rating	Mar. 19	MT
Morgan Stanley Adjusts JOYY Price Target to $37 From $40, Maintains Equalweight Rating	Mar. 19	MT
Citigroup Adjusts JOYY Price Target to $46 From $47, Maintains Buy Rating	Mar. 19	MT
Tech Stocks Lead Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading	Mar. 19	MT
JOYY Inc. Provides Revenue Guidance for the First Quarter of 2024	Mar. 19	CI
JOYY Q4 Adjusted Earnings Rise, Revenue Declines; Issues Q1 Revenue Outlook	Mar. 19	MT
Transcript : JOYY Inc., Q4 2023 Earnings Call, Mar 18, 2024	Mar. 18
JOYY Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 18	CI
JOYY Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 18	CI
JOYY Inc.(NasdaqGS:YY) dropped from NASDAQ Internet Index	Mar. 14	CI
Xiaomi-Backed Hesai Disputes US Blacklist Designation, Plans Legal Challenge	Feb. 14	MT
Asian Equities Traded in the US as American Depositary Receipts Modestly Higher in Thursday Trading	Jan. 04	MT
News Highlights : Top Company News of the Day	Jan. 02	DJ
Tech Slides After Apple Downgrade -- Tech Roundup	Jan. 02	DJ
Baidu Scraps Planned $3.6 Billion Purchase of JOYY’s Livestreaming Business in China	Jan. 02	MT
Benchmark Downgrades JOYY to Hold From Buy	Jan. 02	MT
Global markets live: HSBC, Baidu, Exxon Mobil, Geely, Tesla...	Jan. 02
Asian Equities Traded in the US as American Depositary Receipts Open 2024 Trading Sharply Lower	Jan. 02	MT
Trending : Baidu Calls Off Merger With Joyy	Jan. 02	DJ
JOYY Stock Slips 12% After Baidu Scraps $3.6 Billion Deal For Live-Streaming Business	Jan. 02	DJ
EMEA Morning Briefing : European Stocks Futures Rise Ahead of First Trading Session of 2024	Jan. 02	DJ
Baidu Terminates $3.6 Billion Deal to Buy JOYY's China Live-Streaming Business	Jan. 01	DJ
Baidu terminates $3.6 bln purchase of JOYY's China live-streaming unit	Jan. 01	RE
Baidu terminates purchase of JOYY's live streaming business	Jan. 01	RE
Baidu, Inc. cancelled the acquisition of Domestic Video-Based Entertainment Live Streaming Business from JOYY Inc. (NasdaqGS:YY).	Dec. 31	CI

JOYY Inc. is a global technology company. The Company operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company operates through two segments: BIGO and All other. The BIGO segment primarily consists of several social entertainment platforms, including Bigo Live, Likee, imo, and others. The All other segments primarily consist of Hago, Shopline, and certain audio live streaming platforms. Bigo Live enables its users to share their life moments, showcase their talents, socialize and connect with other users. Likee enables users to easily discover, create and share short-form videos, empowered by its easy and all-in-one video creation tools, such as filters and special effects, and AI-backed personalized feed. Hago provides casual games, integrating social features such as audio and video multiuser chatrooms and 3D virtual interactive party games.

Sector

Internet Services

Calendar

2024-05-27 - Q1 2024 Earnings Release (Projected)

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ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

32.8 USD

Average target price

44.38 USD

Spread / Average Target

+35.32%

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Sector Other Internet Services

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Other Internet Services

JOYY Inc.

Equities

YY

US46591M1099

Internet Services

JOYY : Baidu to buy JOYY's live-streaming business in China for $3.6 billion

Latest news about JOYY Inc.

Chart JOYY Inc.

Company Profile

Income Statement Evolution

Ratings for JOYY Inc.

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Internet Services