Marshall Kirkpatrick's Blog Discovering awesome new things on the Internet since 2005.

Newsletter - About this blog - I love to Tweet - My work history on LinkedIn - Press clippings

Goog sells Baidu shares

Filed under: Search — Marshall Kirkpatrick @

Google 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.

Powered by WordPress