August 2, 2021

KITAAB

Connecting Asian writers with global readers

China: Baidu buys into literature

1 min read

The Forbes magazine reports that Internet stalwarts Baidu and Sohu are back in the M&A headlines with news of relatively small acquisitions.

According to the report, Baidu reportedly is close to a deal to buy the literature unit of online game operator Perfect World. The second deal has Sohu’s languishing Changyou online game unit buying control of a social networking software maker, in what looks like a bid to jump-start its business.

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