Thursday, June 22, 2006

Google Sells Stake in Rival Baidu

From Reuters:

"Google Inc. has sold its roughly 2 percent stake in rival Inc., the market leader in China's Internet Web search market, according to a U.S. regulatory filing.

A form 144 insider stock sale registration was filed late on Wednesday with the U.S. Securities and Exchange Commission by Google detailing the sale of 749,625 Baidu Class A ordinary shares."

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