China is unlikely to approve Baidu's $3.6 bln purchase of JOYY's YY Live -sources [Financial Post (Toronto, Ontario, Canada)]
JOYY Inc. - American Depositary Shares (YY)
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm
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Source: Financial Post
domestic live streaming business YY Live, two sources with direct knowledge of the matter told Reuters. This follows Beijing's move to rein in gaming-related businesses and corporate expansion via deals, they said. 17 best online deals in the Canadian retail space right now Advertisement The Baidu-JOYY deal would be the latest multi-billion dollar transaction to stumble amid China's broad crackdown on private companies, notably those in the internet sector, as Beijing seeks to control big data and break down monopolistic practices. Advertisement Article content A failure of the Baidu deal could cast a shadow over a separate planned transaction to take Nasdaq-listed JOYY private that would have valued it at up to $8 billion, said the sources and two other sources who are familiar with the matter. Chinese search engine giant Baidu announced in November it would buy YY Live from social media firm JOYY, paying cash to help diversify revenue sources. When contacted by Reu
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News
- JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026 [Yahoo! Finance]Yahoo! Finance
- JOYY Inc. Announces Repurchase Right Notification for 1.375% Convertible Senior Notes due 2026GlobeNewswire
- JOYY Stock: Pros And Cons Of Investing Now [Seeking Alpha]Seeking Alpha
- Joyy cut at BofA, while Huya sees rating upgrade to Buy [Seeking Alpha]Seeking Alpha
- JOYY Inc. (NASDAQ: YY) had its "neutral" rating re-affirmed by analysts at Bank of America Co.. They now have a $35.00 price target on the stock.MarketBeat
YY
Earnings
- 11/29/23 - Beat
YY
Sec Filings
- 4/12/24 - Form SC
- 3/19/24 - Form 6-K
- 2/16/24 - Form SC
- YY's page on the SEC website