Baidu to Acquire NetDragon’s 91 Wireless for $1.9 billion

Baidu, Inc. (NASDAQ: BIDU), the largest search service in China, today announced that it has signed a Memorandum of Understanding (“MOU”) on the Proposed Acquisition of all equity interests in 91 Wireless Websoft Limited (“91 Wireless”) from NetDragon (HKEx:777).

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