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Joyy-ride

27 August 2021 By Robyn Mak

Joyy’s founder wants to take the video-streaming outfit private in a mooted $7.8 bln deal. Having sold many of its businesses already, what’s left is mostly a huge cash pile. A buyout of what’s effectively a blank-cheque firm at a 100% premium puts a wild twist on the M&A craze.

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