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Baidu acquires online video business of PPS for USD 370 mln

2013-05-07 05:51:00| Telecompaper Headlines

(Telecompaper) Chinese search services provider Baidu has acquired the online video business of internet video provider PPS for USD 370 million. Baidu and PPS expect the transaction to close in the second quarter, subject to customary closing conditions. Upon completion, PPS's online video business will be merged with Baidu's own video platform iQiyi. PPS will continue to operate as a sub-brand of iQiyi. The merger will generate synergies and will provide for an improved user experience as well as more content, Baidu said. After the acquisition, Gong Yu will continue to be CEO of iQiyi. Zhang Hongyu and PPS president Xu Weifeng will serve as co-presidents at iQiyi, and will be in charge of the PPS sub-brand and new business development.

Tags: online business video usd

 

Cranswick Acquires Pig Rearing Business

2013-05-07 02:00:00| ThePigSite - Industry News

UK - Cranswick has acquired the whole of the issued share capital of East Anglian Pigs Limited (EAP).

Tags: business pig acquires rearing

 
 

Baidu acquires PPStream online video business for $370m

2013-05-07 02:00:00| Total Telecom industry news

Deal sees Chinese Internet giant become one of the country's biggest online video providers.

Tags: online business video acquires

 

Kimberly-Clark Health Care Acquires Anesthesia Business from Life-Tech

2013-04-02 21:52:19| Paper - Topix.net

Kimberly-Clark Corporation today announced the acquisition of the anesthesia business of Life-Tech, Inc., a Texas-based medical device manufacturer.

Tags: business health care health care

 

Kapsch acquires railway communications business from NEC

2013-03-22 01:00:00| Railway Technology

Austria-based railway communication solutions provider Kapsch CarrierCom has acquired railway businesses from NEC for an undisclosed sum.

Tags: business communications nec railway

 

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