Baidu Pays $160M For 59% Stake In China Group-Buying Co.

Baidu Pays $160M For 59% Stake In China Group-Buying Co.

Chinese-language Internet search company Baidu Inc. has agreed to acquire a 59 percent equity interest in group-buying services provider Nuomi Holdings Inc. from parent company Renren Inc. for $160 million in cash, Baidu said Friday. ...read more

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