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Baidu, Inc. has officially terminated its Share Purchase Agreement with JOYY Inc. as of January 1, 2024. The agreement, initially signed on November 16, 2020, involved the acquisition of JOYY's domestic video-based entertainment live streaming business in China by Baidu's affiliate, Moon SPV Limited. The termination was executed by Moon SPV Limited, an affiliate of Baidu (Hong Kong) Limited, after the deal failed to meet the necessary closing conditions by the long stop date of December 31, 2023. These conditions included obtaining regulatory approvals from governmental authorities. Baidu, Inc. is now in discussions with JOYY Inc. to determine the future course of action following the termination of the agreement.
Baidu, Inc. has officially terminated its Share Purchase Agreement with JOYY Inc. as of January 1, 2024. The agreement, initially signed on November 16, 2020, involved the acquisition of JOYY's domestic video-based entertainment live streaming business in China by Baidu's affiliate, Moon SPV Limited. The termination was executed by Moon SPV Limited, an affiliate of Baidu (Hong Kong) Limited, after the deal failed to meet the necessary closing conditions by the long stop date of December 31, 2023. These conditions included obtaining regulatory approvals from governmental authorities. Baidu, Inc. is now in discussions with JOYY Inc. to determine the future course of action following the termination of the agreement.
百度公司已於2024年1月1日正式終止與JOYY Inc.的股票購買協議。該協議最初於2020年11月16日簽署，涉及百度的子公司Moon SPV Limited收購JOYY在中國的國內視頻娛樂直播業務。終止協議由百度（香港）有限公司的子公司Moon SPV Limited執行，此前該交易未能在2023年12月31日的最後截止日期之前滿足必要的成交條件。這些條件包括獲得政府當局的監管批准。百度公司目前正在與JOYY Inc.進行討論，以確定協議終止後的未來行動方針。
百度公司已於2024年1月1日正式終止與JOYY Inc.的股票購買協議。該協議最初於2020年11月16日簽署，涉及百度的子公司Moon SPV Limited收購JOYY在中國的國內視頻娛樂直播業務。終止協議由百度（香港）有限公司的子公司Moon SPV Limited執行，此前該交易未能在2023年12月31日的最後截止日期之前滿足必要的成交條件。這些條件包括獲得政府當局的監管批准。百度公司目前正在與JOYY Inc.進行討論，以確定協議終止後的未來行動方針。
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