Google Hovers As Baidu Readies IPO


Google may be interested in buying Baidu, China’s biggest search engine. Google CEO Eric Schmidt was in Beijing last week meeting with Baidu officials. Google has a 4% stake in the company, and it is unclear whether Schmidt’s visit was connected to that investment or other business.

In addition, Google also has business relationships with portal and IM company Tencent.

If Google does have interest in purchasing Baidu, it likely will have to wait until the company’s IPO. Baidu is expected to go public on the Nasdaq later this summer in an offering that could raise $200 million and value the company at $800 million to $1 billion.

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