Monday, July 25, 2016

Group Abandons Bid to Buy Out Baidu Video Unit

A consortium led by the chief executive of Chinese search giant Baidu dropped its $2.3 billion bid to buy out the company’s video-streaming operation after investors criticized it as a sweetheart deal for Baidu’s chief to profit at the expense of public shareholders.

from WSJ.com: US Business http://ift.tt/2a8EZzz
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