The Online Investor
Application Software M&A image Application Software M&A » By The Online Investor Staff, updated Thu., May. 26, 12:42 AM Recent mergers and acquisitions in the Application Software M&A category.

Slide #94. Baidu Renren Remaining Stake In Nuomi

Acquirer: Baidu (BIDU)
Acquiree: Renren Remaining Stake In Nuomi (RENN)
Details: Renren Inc. (NYSE: RENN) ("Renren"), a leading real-name social networking internet platform in China, announced today that Baidu Holdings Limited, a subsidiary of Baidu, Inc. (NASDAQ: BIDU), Nuomi Holdings Inc. ("Nuomi") and Renren have entered into a definitive agreement, pursuant to which Baidu Holdings Limited will acquire Renren's remaining stake in Nuomi. Subject to the satisfaction or waiver of the closing conditions provided in the definitive agreement, the parties expect to close this acquisition in the first quarter of 2014.

Baidu is a holding company. Through its subsidiaries, Co. is an artificial intelligence (AI) company. Baidu Brain, Co.'s main AI technology engine, has enabled it to develop new AI businesses. Co.'s operations are organized into two segments, consisting of Baidu Core and iQIYI. Within Baidu Core, Co.'s product and services offerings are categorized as follows: Mobile Ecosystem, Baidu Cloud and Apollo Intelligent Driving and Other Growth Initiatives. iQIYI is an online entertainment service. iQIYI's platform features iQIYI original content, as well as a library of other professionally produced content, professional user generated content and user-generated content.

Open the BIDU Page at The Online Investor »

Baidu is a holding company. Through its subsidiaries, Co. is an artificial intelligence (AI) company. Baidu Brain, Co.'s main AI technology engine, has enabled it to develop new AI businesses. Co.'s operations are organized into two segments, consisting of Baidu Core and iQIYI. Within Baidu Core, Co.'s product and services offerings are categorized as follows: Mobile Ecosystem, Baidu Cloud and Apollo Intelligent Driving and Other Growth Initiatives. iQIYI is an online entertainment service. iQIYI's platform features iQIYI original content, as well as a library of other professionally produced content, professional user generated content and user-generated content.

Open the RENN Page at The Online Investor »

Company Name: 
Baidu Inc
Stock buyback: 
BIDU buyback
Website: 
www.baidu.com
Sector: 
Application Software
Number of ETFs Holding BIDU: 
45
Total Market Value Held by ETFs: 
$1.34B
Total Market Capitalization: 
$3.39B
% of Market Cap. Held by ETFs: 
39.65%
Company Name: 
Renren Inc
Stock buyback: 
RENN buyback
Website: 
www.renren-inc.com
Sector: 
Application Software
Number of ETFs Holding RENN: 
2
Total Market Value Held by ETFs: 
$4.96M
Total Market Capitalization: 
$1.38B
% of Market Cap. Held by ETFs: 
0.36%
 

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Application Software M&A - Slide 94 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.