Baidu Nearing Deal To Acquire JOYY’s Domestic Operations

(Source: Search Engine Journal)

Baidu (NASDAQ: BIDU) has almost completed negotiations to buy JOYY’s operations in China, according to business digital media Jiemian. The deal excludes JOYY’s overseas business, which is said to continue running independently.

Due to the rumor of Baidu’s purchase last Friday, JOYY’s stock price reached $85.13 before the cl…