‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against GoogleRead Now

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asia

Baidu to Buy Chinese Live Video Service YY for $3.6 Billion

By
Juro Osawa
· · Source: The Information

Chinese search provider Baidu has agreed to buy Chinese live-streaming service YY for about $3.6 billion in cash from its owner Joyy, the companies said. The deal is Baidu’s latest attempt to find a new source of revenue growth, after the company’s previous costly expansion into on-demand services and food delivery failed. Baidu, which earns the bulk of its revenue from advertising, faces...

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‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
By Janko Roettgers · Feb. 4, 2023 7:00 AM PST
Art by Clark Miller.
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google. Both companies were selling cheap speakers capable of multiroom audio playback, a feature Sonos had pioneered on its devices more than a decade earlier. Sonos...
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Art by Clark Miller.
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