Alibaba, Tencent hold off iQIYI buyout plans due to price, regulatory concerns - Reuters

  • Alibaba Group (NYSE:BABA) and Tencent (OTCPK:TCEHY) each have held separate talks with Baidu (NASDAQ:BIDU) to acquire a controlling stake in video streaming service iQIYI (NASDAQ:IQ), source Reuters.
  • But the discussions have stalled with little hope of resuming soon as BABA

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