Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 25 2025 - 5:15AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of February 2025
Commission File Number: 001-35729
JOYY INC.
30 Pasir Panjang Road #15-31A Mapletree Business
City,
Singapore 117440
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
JOYY
Closes Sale of YY Live
On
February 25, 2025, JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”)
entered into agreements with Baidu, Inc. (NASDAQ: BIDU) (“Baidu”) with respect to the sale of the video-based entertainment
live streaming business in mainland China previously owned by the Company (known as YY Live), for an aggregate purchase price of approximately
US$2.1 billion in cash. The Company previously received approximately US$1.86 billion in February 2021, and, today, the Company
received additional cash consideration of approximately US$240 million.
Safe Harbor Statement
This Form 6-K contains forward-looking
statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates” and similar statements.
JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission
(“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made
by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY’s
beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information
regarding these and other risks is included in JOYY’s filings with the SEC. All information provided in this Form 6-K is as
of the date of this Form 6-K, and JOYY does not undertake any obligation to update any forward-looking statement, except as required
under applicable law.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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JOYY INC. |
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By: |
/s/ Ting Li |
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Name: |
Ting Li |
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Title: |
Chairman and Chief Executive Officer |
Date: February 25, 2025
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