Baidu Puts Up $1.85B For Chinese App Maker 91 Wireless
Baidu will acquire 91 Wireless from majority shareholder NetDragon Websoft Inc. and several other minority stakeholders in an all-cash deal. The deal is expected to close by the end of 2013, after which 91 Wireless will operate as an independent wholly owned subsidiary of Baidu.
The deal, which follows a memorandum of...
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