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>> BAIDU Latest News

MAY 07, 2013 - Benzinga

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Baidu Acquires Online Video Business of PPS for $370M

Baidu Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced the acquisition of the online video business of leading Internet video provider PPS for US $370 million. Baidu and PPS expect the transaction to close in the second quarter of 2013, subject to customary closing conditions.

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