Baidu in talks to sell majority stake in iQIYI, China’s answer to Netflix – sources
Reuters) China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with knowledge of the matter said.Baidu, which owns 53% of iQIYI and holds more than 90% of its shareholder voting rights…
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