Key Developments: Baidu Inc (BIDU.O)

BIDU.O on Nasdaq

184.94USD
9 Jul 2014
Price Change (% chg)

$2.64 (+1.45%)
Prev Close
$182.30
Open
$182.09
Day's High
$185.08
Day's Low
$179.84
Volume
2,205,040
Avg. Vol
3,468,001
52-wk High
$193.89
52-wk Low
$90.16

Search Stocks

Latest Key Developments (Source: Significant Developments)

Baidu announces pricing of US$1.0 bln notes offering
Thursday, 5 Jun 2014 06:00am EDT 

Baidu Inc:Says pricing of public offering of US$1.0 bln aggregate principal amount of 2.750pct notes due 2019.Expects to receive net proceeds from the offering of about US$988.4 mln, after deducting underwriting discounts and commissions and estimated offering expenses.Intends to use the net proceeds from the offering for general corporate purposes.Joint bookrunners of the offering are Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC.  Full Article

Baidu Inc announces proposed debt offering
Tuesday, 3 Jun 2014 04:30pm EDT 

Baidu Inc:Files preliminary prospectus supplement with the United States Securities and Exchange Commission under automatic shelf registration statement on Form F-3, pursuant to whic company proposes to sell senior notes.Intends to use net proceeds from offering for general corporate purposes.Joint bookrunners of the offering are Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC.  Full Article

Baidu Inc gives Q2 2014 revenue guidance above analysts' estimates
Thursday, 24 Apr 2014 04:30pm EDT 

Baidu Inc:Expects Q2 2014 total revenues ranging from 11.820 bln yuan ($1.901 bln) to 12.110 bln yuan ($1.948 bln).Q2 2014 revenue of 11.573 bln yuan - Thomson Reuters I/B/E/S.  Full Article

Baidu Inc gives Q1 2014 revenue guidance above analysts' estimates
Wednesday, 26 Feb 2014 04:30pm EST 

Baidu Inc:Expects Q1 2014 total revenues in an amount ranging from RMB9.240 billion ($1.526 billion) to RMB9.520 billion ($1.573 billion).Q1 2014 revenue of $1.424 billion - Thomson Reuters I/B/E/S.  Full Article

Baidu Inc Renren Inc sells remaining stake in Nuomi Holdings Inc to Baidu Holdings Limited
Thursday, 23 Jan 2014 11:30pm EST 

Renren Inc:Says Baidu Holdings Limited, a subsidiary of Baidu, Inc., Nuomi Holdings Inc. (Nuomi) and Renren have entered into a definitive agreement.Says pursuant to definitive agreement Baidu Holdings Limited will acquire Renren's remaining stake in Nuomi.Says the parties expect to close this acquisition in the first quarter of 2014.  Full Article

Baidu Inc's Unit Qunar prices IPO Above Range, Raises $167 Million-Reuters
Thursday, 31 Oct 2013 11:40pm EDT 

Reuters reported that Baidu Inc unit priced initial public offering above a revised marketing range, raising a higher-than-expected $167 million in the deal, IFR reported citing sources with direct knowledge of the deal. The Company had already raised the marketing range previously from an original $9.50 to $11.50 per ADR. Deutsche Bank DBKGn.DE, Goldman Sachs GS.N and Stifel led the IPO.  Full Article

Baidu Inc Issues Q4 2013 Revenue Guidance Above Analysts' Estimates
Tuesday, 29 Oct 2013 04:50pm EDT 

Baidu Inc announced that it expects to generate total revenues in an amount ranging from RMB9.220 billion ($1.507 billion) to RMB9.480 billion ($1.549 billion) for the fourth quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of RMB8.904 billion for the fourth quarter of 2013.  Full Article

Baidu Incs' Unit Seeks New York IPO-Reuters
Wednesday, 2 Oct 2013 03:12am EDT 

Reuters reported that Baidu Inc's unit, Qunar Cayman Islands is seeking to raise $125 million by listing in the United States.  Full Article

Baidu Inc's Subsidiary Signs Definitive Agreement With Renren For Strategic Investment In Nuomi
Friday, 23 Aug 2013 04:40am EDT 

Baidu, Inc and Renren Inc (Renren), a real-name social networking Internet platform in China, jointly announced that Baidu Holdings Limited, a subsidiary of Baidu, and Renren have entered into a definitive agreement (the Agreement), pursuant to which Baidu Holdings Limited will acquire a certain number of newly issued ordinary shares of Nuomi Holdings Inc., a wholly-owned subsidiary of Renren, representing approximately 59% of the equity interest in Nuomi, for a purchase price of USD160 million in cash. Subject to the satisfaction or waiver of the closing conditions provided in the Agreement, the parties expect to close this acquisition in the fourth quarter of 2013.  Full Article

Baidu Inc's Subsidiary Signs Definitive Agreement To Acquire NetDragon Websoft Inc's Subsidiary 91 Wireless Websoft Ltd
Wednesday, 14 Aug 2013 04:30am EDT 

Baidu Inc announced that its wholly-owned subsidiary Baidu (Hong Kong) Limited has signed a definitive merger agreement to acquire a 100% equity interest in 91 Wireless Websoft Limited from NetDragon Websoft Inc. and other shareholders. 91 Wireless is one of the mobile app marketplaces and mobile game operators in China. In the month of July 2013, Baidu and 91 Wireless users in China together downloaded a daily average of 69 million apps. The majority of these were downloaded directly from mobile devices. Pursuant to the Agreement, through a merger, Baidu will acquire 100% of 91 Wireless in cash. This includes the 57.4% stake owned by NetDragon, and the remaining shares from other shareholders. According to the memorandum of understanding dated July 15, 2013, the merger consideration amounts to a total of USD1.90 billion. Having taken into account the conditional declaration of a special dividend in the aggregate amount of approximately USD52.06 million by 91 Wireless to its existing shareholders, the consideration is adjusted to an aggregate amount of USD1.85 billion in the Agreement.  Full Article

RPT-Fitch Rates Baidu's Notes Final 'A'

June 16 - (The following statement was released by the rating agency)

Search Stocks