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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. 

Company Quote

0.04 +1.53%
26 Dec 2014