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Stock Market & Financial Investment News

News Breaks
January 24, 2014
05:04 EDTBIDU, RENNRenren sells remaining stake in Nuomi to Baidu
Renren (RENN) announced that Baidu Holdings, a subsidiary of Baidu (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 closing conditions provided in the definitive agreement, the parties expect to close this acquisition in Q1.
News For RENN;BIDU From The Last 14 Days
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March 2, 2015
05:44 EDTRENNRenren becomes lead investor in China used car e-business Cheyipai
Cheyipai announced that it has completed a new round of financing valued at $110M. Renren was the lead investor of this D-round financing with secondary investors Sequoia Capital, Matrix China, Morningside Ventures and CITIC Capital. The sole financial adviser was Hina Group.
February 23, 2015
10:36 EDTBIDUBaidu calls active amid renewed takeover speculation
Baidu February weekly 210 and 212 calls are active on total call volume of 7K (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 29, March is at 26, April is at 27; compared to its 26-week average of 33 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:31 EDTBIDURumor: Baidu moves higher amid renewed takeover speculation
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