Sohu.com reported that Baidu Inc. (Nasdaq: BIDU) may buy Renren Inc.’s (NYSE: RENN) Nuomi unit. Shares of Baidu soared $4.80 to close at $141.53 while Renren stock gained 61 cents to close at $4.58.
Baidu May Buy Renren’s Nuomi Unit
August 13, 2013 at 11:12 AM EDT