Moody's Sees Baidu's (BIDU) Potential Qiyi Sale as Credit-Positive Development
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Baidu Special Committee Engages Financial Advisor relating to the Proposed Qiyi Transaction
February 16, 2016 8:01 AM ESTBEIJING, Feb. 16, 2016 /PRNewswire/ -- Baidu, Inc. ("Baidu") (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced that the independent special committee of Baidu's board of directors, formed to consider the previously announced non-binding proposal from Mr. Robin Yanhong Li and Mr. Yu Gong to acquire all of the outstanding shares of Qiyi.com, Inc. beneficially owned by Baidu, has retained J.P. Morgan Securities... More
