Baidu (BIDU) Pays US$370M For PPS Online Video Business

From China: iStockAnalyst.com Feed
May 7, 2013 - 7:49am

Baidu.com Inc. (NASDAQ: BIDU), China's online search giant, has acquired the online video business of Internet video provider PPS for US$370 million. The combined entity will become China's largest online video platform by number of mobile users and video viewing time, Baidu said.[More...]

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