<ul><li>Baidu has completed the acquisition of JOYY's YY Live video streaming service for $2.1 billion.</li><li>The acquisition closed after Baidu paid approximately $240 million, bringing the total purchase price to $2.1 billion in cash.</li><li>The deal was initially valued at $3.6 billion in 2020, but faced regulatory challenges.</li><li>Baidu aims to diversify its revenue and compete with online entertainment giants like Douyin and ByteDance.</li></ul>

Baidu Completes Acquisition of JOYY’s YY Live Video Streaming Service for $2.1 Billion

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