Baidu Acquires 59% Interest in Renren's Nuomi for $160M in Cash

By: Benzinga
Baidu, Inc. (NASDAQ: BIDU ) ("Baidu"), the leading Chinese language Internet search provider, and Renren Inc. (NYSE: RENN ) ("Renren"), a leading real-name social networking Internet platform in China, jointly announced today that Baidu Holdings Limited, a subsidiary of Baidu, and Renren have entered into a definitive agreement
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