Wednesday, July 06, 2005

Google Interest In Baidu Buyout?

From SearchEngineWatch: Google CEO Schmidt Visits China; Interest In Baidu Buyout?

"TheDeal.com covers (Google hovers as Baidu readies IPO) how Google CEO Eric Schmidt has been spotted recently in China meeting with officials of the Chinese Baidu search engine. Google owns a 4 percent stake of that service, which is to be the most used in the country. Google confirms he was there but wouldn't say the visit revolved around buying more of Baidu or another homegrown service. (...) This article says Baidu has 33 percent of the search marketing in China, "outpacing" any other competitors. But Google's listed not that far back in third place, at 22 percent. Second place isn't cited."

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