Goog sells Baidu shares
06.22.06Google sold their 5% pre-IPO shares of Chinese search giant Baidu, it was reported today. I guess that means no buy-out and moves instead to increase Google share in China. Or maybe they'll just give up on total world domination and work on dominating search everywhere else. For what it's worth, the shares were bought for $5 mill and were worth $63 mill at the end of May when the sale actually went through. That's a whole lot of AdWords clicks that don't have to happen, I suppose. Just a quick note in case it's of interest; I find anything about non-US web giants of interest.
June 22nd, 2006 at
See: Think Again: Google by David A. Vise in the May/June issue of Foreign Policy. Vise points out that Google is going nowhere in South Korea and has even resorted to advertising there. Granted, South Korea is, for the most part, anti-American territory. But a France here, a South Korea and probably Bolivia and Venezuela add up. You could probably add in most of the Arab world, much of social democratic Europe, Russia…
Also, I learned at a conference in April that there is an extension in Firefox that enables Firefox users to use Goggle as a search engine stripped bare of advertising. Take that, Google stockholders. Given that Firefox is grabbing a larger and larger share of the browser market, that should worry Google—and it isn’t as though Microsoft’s browser is going to be ultra Google friendly either. Fewer and fewer eyeballs for the ads that provide a massive proportion of Goggle’s revenues.
Hope
June 1st, 2007 at
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March 26th, 2008 at
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April 17th, 2008 at
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