Baidu says it will buy Joyy's Chinese livestreaming business, YY Live, which touts 4M paying users who can tip their favorite performers, for ~$3.6B (Zheping Huang/Bloomberg)

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Zheping Huang / Bloomberg:

Baidu says it will buy Joyy’s Chinese livestreaming business, YY Live, which touts 4M paying users who can tip their favorite performers, for ~$3.6B  —  Baidu Inc. agreed to buy Joyy Inc.’s livestreaming business for China, a deal that will mark the search engine giant’s biggest foray into the fastest-growing arena of digital video.