Form 6-K Baidu, Inc. For: Feb 17
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/28/2026
- Stocks fall as higher oil prices, Treasury yields weigh
- S&P 500 breadth hits lowest level since dot-com bubble, Goldman says
- Nvidia’s AI dominance funds historic $150 billion buyback
- MongoDB stock drops 15% as CEO Desai resigns for Meta
- Jefferies cuts Roblox to Underperform, says rally is too optimistic
- Bloom Energy shares fall on Oracle project halt
- Exclusive-Activist Jana pushes Fiserv to accelerate cost cuts and tap Palantir
- Oppenheimer sees AI software winners as focus shifts to ROI
- Arm Holdings falls as CFO stock sale weighs on sentiment
- Cantor Fitzgerald Starts Lexicon Pharmaceuticals (LXRX) at Overweight
Moody's Sees Baidu's (BIDU) Potential Qiyi Sale as Credit-Positive Development
February 18, 2016 8:53 AM ESTMoody's Investors Service says Baidu Inc.'s (A3 positive)(Nasdaq: BIDU) potential sale of its 80.5% stake in Qiyi (unrated) -- if completed -- is credit positive, because it will lower Baidu's investment and improve its profitability while retaining strategic benefits.
On 12 February, Baidu announced that it had received a non-binding proposal from Mr. Robin Yanhong Li, the chairman and chief executive officer of Baidu, and Mr. Yu Gong, the chief executive officer of Qiyi.com, Inc., to acquire all outstanding shares of Qiyi beneficially owned by Baidu -- based on an enterprise... More
