M&A Deal Summary

Baidu Acquires JOYY’s Live Streaming Business

On November 16, 2020, Baidu acquired internet software and services company JOYY’s Live Streaming Business from JOYY for 3.6B USD

Acquisition Highlights
  • This is Baidu’s 4th transaction in the Internet Software and Services sector.
  • This is Baidu’s largest (disclosed) transaction.
  • This is Baidu’s 5th transaction in China.

M&A Deal Summary
Date 2020-11-16
Target JOYY’s Live Streaming Business
Sector Internet Software and Services
Buyer(s) Baidu
Sellers(s) JOYY
Deal Type Divestiture
Deal Value 3.6B USD

Target

JOYY’s Live Streaming Business

Guangzhou, China
JOYY’s Live Streaming Business provides domestic video-based entertainment live streaming services which include YY mobile app, YY.com website, and PC YY.

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Buyer(S) 1

Buyer

Baidu

Beijing, China

website

Category Company
Founded 2000
Sector Internet Software and Services
Employees45,500
Revenue 124.5B CNY (2021)
DESCRIPTION

Baidu is a Chinese language Internet search provider. Baidu aims to provide a way for people to find whatever they're looking for. In addition to serving individual Internet search users, Baidu provides a platform for businesses to reach potential customers. Baidu was founded in 2000 and is based in Beijing, China.

DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 4 of 4
Type (Divestiture) 2 of 2
Country (China) 5 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Uxin

Beijing, China

Uxin is a professional online transaction service provider for used cars. Uxin makes use of its proprietary "CheckAuto" system and advanced vehicle identification capabilities to ensure the quality of vehicles sold through its platform. Uxin was founded in 2011 and is based in Beijing, China.

Sell -

Seller(S) 1

SELLER

JOYY

Singapore, Singapore

website

Category Company
Founded 2005
Sector Internet Software and Services
Employees7,449
Revenue 2.6B USD (2021)
DESCRIPTION

JOYY is a revolutionary real-time interactive social platform that engages users in real-time online group activities through voice, text and video. JOYY was founded in 2005 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Beijing Huanqiu Xingxue Technology Development

China

Beijing Huanqiu Xingxue Technology Development Co., Ltd. is a provider of an online education website.

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