Renren Sells Remaining Stake In Nuomi to Baidu

By: via Benzinga
Renren (NYSE: RENN ) announced Thursday that Baidu Holdings Limited, a subsidiary of Baidu,. (NASDAQ: BIDU ), Nuomi Holdings and Renren have entered into a definitive agreement, pursuant to which Baidu Holdings Limited will acquire Renren's remaining stake in Nuomi. Subject to the satisfaction or waiver of the
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