Baidu Acquires JOYY's YY Live Business in China

February 25, 2025

Baidu has acquired JOYY Inc.'s video-based entertainment live streaming business in mainland China (known as YY Live) for approximately US$2.1 billion. As part of the deal, about US$1.6 billion previously deposited in escrow was released to Baidu, which plans to invest those funds in its cloud and AI infrastructure.

Buyers
Baidu, Inc.
Targets
YY Live (JOYY's live streaming business in mainland China)
Sellers
JOYY Inc.
Location
China
Transaction Type
Divestiture

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