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Baidu Receives Non-Binding Proposal To Acquire Qiyi.com, Shares Gain 4%
Friday, February 12, 2016 - 9:57am | 146Read More...Shares of Baidu Inc (ADR) (NASDAQ: BIDU) were trading higher by more than 4 percent early Friday morning after the company received a non-binding offer to fully acquire Qiyi.com. Baidu already owns approximately 80 percent Qiyi, a China-based internet video site. Qiyi approached Baidu and...
