JOYY Still Undervalued After YY Live Sale To Baidu
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JOYY has completed the sale of YY Live to Baidu, receiving an additional $240 million. Despite short-term challenges like Bigo Live's app store removal and Likee's fluctuating performance, JOYY remains undervalued.
February 28, 2025 | 2:30 am
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JOYY has finalized the sale of YY Live to Baidu, receiving an additional $240 million. This boosts JOYY's cash reserves, but short-term challenges with Bigo Live and Likee may impact near-term results.
The completion of the YY Live sale to Baidu provides JOYY with a significant cash boost, which is positive for the company's financial position. However, the temporary removal of Bigo Live from app stores and Likee's performance issues could negatively impact short-term results. Despite these challenges, the market perceives JOYY as undervalued, suggesting potential for stock price appreciation.
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