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Baidu's (BIDU) online video unit purchased streaming platform PPStream, according to Chinese...

Baidu's (BIDU) online video unit purchased streaming platform PPStream, according to Chinese media reports. The deal price is thought to be in the $350M to $400M range. By buying PPStream, the company could cut into the online video market share of Youku-Tudou.
Comments (1)
  • PeterPatersonSenior
    , contributor
    Comments (96) | Send Message
     
    Another good move BIDU. Very interested in the earning reports result, and the stock play afterward.

     

    AlphaNeria, if you read this article, this is another answer to your concerns 2) and 3) from http://seekingalpha.co... article.
    25 Apr 2013, 11:20 AM Reply Like
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