AAPL Stock: 111.13 ( + 0.35 )

Subscribe to this page now.

Baidu acquires controlling stake of iQiyi

11/04, 7:17pm

Baidu buys Providence Equity's share of video streaming site

Chinese Internet search giant Baidu announced last week that it had reached an agreement with Providence Equity Partners to purchase the equity firm's share of video streaming site iQiyi. The search company's announcement did not disclose the financial details of the deal. The acquisition of Providence's stake in iQiyi will give Baidu a substantial majority stake in the company.



Connect with Us

FREE Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    Follow us on Facebook


    Most Popular


    Recent Reviews

    Polk Hinge Wireless headphones

    Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

    Blue Yeti Studio

    Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

    ZTE Spro 2 Smart Projector

    Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


    Most Commented