China: Baidu buys into literature1 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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