Baidu’s Robin Li Proposes To Take Qiyi.Com Private

Baidu Inc.'s chief executive Robin Li has proposed to acquire the Chinese Internet search firm's majority stake in online video platform Qiyi.com in a deal giving Qiyi.com an enterprise value of around US$2.8 billion. In a statement issued last Friday, Baidu said Robin Li and Qiyi.com's chief executive Yu Gong have submitted a non-binding offer […]


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