Monday, January 1, 2024

Filing: Baidu's $3.6B deal to buy Joyy's Chinese livestreaming business YY Live, announced in 2020, expires as China regulators didn't approve it by December 31 (Bloomberg)

Bloomberg:
Filing: Baidu's $3.6B deal to buy Joyy's Chinese livestreaming business YY Live, announced in 2020, expires as China regulators didn't approve it by December 31  —  - Tech industry's focus has turned to generative AI now … The Beijing-based company said its $3.6 billion deal for Joyy's YY Live …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...