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June 22, 2006
Google Disposes Of Stake In Baidu
Reuters reports that Google has sold its "modest investment in Baidu." Google owned about two-percent of Baidu.com, worth about $63 million, and "disposed" of that investment on May 25th. Google spokesperson, Debbie Frost said, "It has always been our goal to grow our own successful business in China and we are very focused on that."
Posted by Barry Schwartz on June 22, 2006 3:13 PM
