Baidu Acquires Online Video Business of PPS for $370M
May 07, 2013 at 05:56 AM EDT
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
