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Stock Market & Financial Investment News

News Breaks
January 22, 2013
06:47 EDTBIDUBaidu's PCS product passes 30M registered users, The Next Web reports
Baidu's (BIDU) Personal Cloud Service product, which includes NetDrive, has passed 30M registered users, The Next Web reports. The firm expects to hit 100M users by the end of the year. Reference Link
News For BIDU From The Last 14 Days
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May 17, 2013
10:10 EDTBIDUBaidu rumored to acquire Sohu unit Sogou, Marbridge Daily reports
Baidu (BIDU) has entered into an agreement to acquire Sohu's (SOHU) online search subsidiary Sogou for $2.0B-$2.5B, Marbridge Daily reports, citing an industry source. Note Bloomberg this morning reported that Sohu is seeking a strategic investment in its online search subsidiary. Reference Link
10:02 EDTBIDUSohu.com seeking strategic for search unit, Bloomberg reports
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May 15, 2013
09:31 EDTBIDU, BIDUBaidu mentioned cautiously at OTR Global
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May 10, 2013
16:01 EDTBIDUOptions Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data.
May 9, 2013
10:07 EDTBIDUSohu search biz reportedly sought by Baidu, others, TechCrunch says
Baidu (BIDU), Tencent and Qihoo 360 (QIHU) are rumored to be competing to buy Sohu.com‘s (SOHU) search business, Sogou, according to TechCrunch, citing a Chinese language report that points to "unnamed sources in the investment industry." Sogou's CEO has denied the report as "unreliable” on his Sina Weibo account, the report noted. Reference Link
09:38 EDTBIDUActive equity option families trading
Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD.
May 7, 2013
09:06 EDTBIDUBaidu acquisition does not resolve challenges, says Citigroup
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05:25 EDTBIDUBaidu acquires online video business of PPS for $370M
Baidu announced the acquisition of the online video business of Internet video provider PPS for $370M. Baidu and PPS expect the transaction to close in Q2. Upon completion of the transaction, the PPS online video business will be consolidated into Baidu's financial statements. PPS's online video business will be merged with Baidu's own video platform iQiyi. The combined entity will become China's largest online video platform by number of mobile users and video viewing time. PPS will continue to operate as a sub-brand of iQiyi.

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