2013-07-16
Baidu Eyes App Store Acquisition Worth USD1.9 Billion
Chinese search engine provider Baidu Inc. intends to buy a Chinese mobile app store for USD1.9 billion. Baidu has signed a memorandum of understanding for a proposed acquisition of all equity interests in NetDragon's 91 Wireless Websoft Limited. Started in 2007, 91 Wireless develops and operates two smartphone app distribution platforms in China, named 91 [...]