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Deals Rumor Mill: Baidu, Air Berlin, SPIC Overseas

By Benjamin Horney (August 21, 2017, 5:02 PM EDT) -- Baidu Inc. has decided to sell its takeout delivery business to Chinese online food delivery service Ele.me, according to a Monday report from the Shanghai Daily. According to the report, which cited a Chinese publication called the 21 Century Business Herald, the transaction will be worth about $500 million, and Ele.me intends to fund it using a combo of cash and equity....

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