YY Completes the $1.45 Billion Bigo Acquisition Deal

Roshan Dwivedi Published on : 05 March 2019

YY, the Nasdaq-listed Chinese live streaming giant, acquires Bigo Inc for $1.45 billion. YY which owned 31.7% shares in Bigo, as per reports captured the remaining shares to mark the complete acquisition of the latter.

Bigo Inc, the Singapore-based startup owning “Bigo Live” and “Like”, has a demanding presence in the Asian countries and is planning further to expand globally. Presently, Bigo witnesses monthly active users close to 37 million people worldwide with an average use-time of 40 minutes daily.

David Xueling Li, CEO of YY, said, “ We are very excited to announce the completion of the acquisition of Bigo. It is an important milestone for YY group which demonstrated our confidence and commitment to the globalization strategy”.

The combination of YY’s and Bigo’s unparalleled services will enable the Chinese live streaming giant to create enhanced & engaging content, contributing to global expansion. Earlier in June, YY invested $272 million in a series D funding round for Bigo Inc.

Written by: Roshan Dwivedi

Add your comment

Leave a Reply Cancel reply

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com

Your website will be at https://yourname.muvi.com, you can change this later.

I agree to Muvi's Terms & Privacy Policy.

Upcoming Webinar

December 07

8:00AM PST

The Evolution of Streaming: Past, Present & Future with Muvi

Let’s uncover the past, navigate the present, and chart the course for what’s next in the dynamic world of streaming! In this webinar, we’ll embark on a journey through the dynamic landscape of streaming, exploring its roots, current state, and the exciting innovations shaping its future, all while uncovering the role of Muvi in this transformative journey.

Things the webinar will cover:

Introduction to Streaming’s Origins:
- Tracing the beginnings of streaming technology.
- Milestones and key developments that laid the foundation.
Current Streaming Landscape:
- Overview of the current streaming ecosystem.
- Market trends, consumer behavior, and the impact of global events.
Muvi’s Contribution to Streaming:
- How Muvi has played a pivotal role in the evolution of streaming.
- Case studies and success stories highlighting Muvi’s impact.
Technological Advancements:
- Exploring cutting-edge technologies influencing streaming.
- Muvi’s role in integrating and harnessing these advancements.
Content Delivery Strategies:
- Diversification in content types and formats.
- Muvi’s solutions for optimizing content delivery.
Monetization Models:
- Examining varied revenue streams in streaming.
- Muvi’s tools for effective monetization and subscription management.
User Experience and Engagement:
- Enhancing user satisfaction and engagement.
- Muvi’s features for creating a seamless streaming experience.
Future Trends and Innovations:
- Predictions for the future of streaming.
- Muvi’s roadmap and commitment to staying ahead of industry trends.