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Baidu Inc To Acquire Online Video Firm For Near $400 Million-Reuters

Thursday, 25 Apr 2013 12:16am EDT 

Reuters reported that Baidu Inc is in the process of acquiring Chinese online video firm, PPS Net TV, for between $350-$400 million, China Business News reported on April 25, 2013. When acquired, PPS and iQiyi will continue to operate as independent brands, but will share back-end technical integration, the newspaper reported. A Baidu spokesman declined to comment and a PPS spokesperson could not be reached for comment. 

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26 Dec 2014