Google's $30 billion acquisition of Baidu curve returned to China

According to foreign media reports, Google will invest a huge amount to buy Baidu, involving up to 30 billion US dollars. Google used this to return to the Chinese mainland market.

According to the report, Google and Baidu have now reached an acquisition agreement and will choose to announce its launch. Baidu's management team retains 100%, but it will reduce the number of projects, including some malls and the fengchao program, which is currently ineffective. (currently, we can see that it is an open platform, this is not consistent with Google's philosophy ). The video website qiyi.com in the testing phase will enter more YouTube resources. (YouTube cannot be accessed in mainland China due to content review ).

The message appeared to have been confirmed by Google CEO Schmidt and expressed in brief and ambiguous words on Twitter: "withdraw from that market? U'll also see another result, just wait... "means: from which market to exit? You will also see another result. There is no doubt that the market refers to Mainland China. The other result, corresponding to this media report, is the acquisition of Baidu, and thus the curve returned to the Chinese mainland search market.

At the recently concluded Shenzhen it Leaders Summit, Li Yanhong once said, "Google has not withdrawn from China because it is still in Hong Kong ". It also seems that the fact of being acquired is being verified.

As of press time, Baidu's share price was USD 597 and its market value was USD 20.7 billion. Google offered a real premium of up to 30 billion US dollars. Compared with Google's $179.6 billion market value and a large amount of cash, this decision is also justified when it is defeated in mainland China.