Baidu-Owned Qiyi Could Go Private In Deal Valuing Chinese Video Site At $2.8B

FUNDING Comments Off on Baidu-Owned Qiyi Could Go Private In Deal Valuing Chinese Video Site At $2.8B

baidu China’s online video wars are heating up again. Last year, Alibaba snapped up Youku Tudou, the country’s largest YouTube-like video portal, in a major $ 3.5 billion deal, and now there’s more happenings in the space after Baidu received an offer to sell its majority share in close rival Qiyi. Read More
Fundings & Exits – TechCrunch

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