Institutional investor,Acacia Partners has criticized a proposal by Baidu, China’s main online search company, or to sell-off market-main online video unit iQIYI. Acacia,a U.
S. hedge fund which owns a $430 million stake in Baidu, this week published a letter querying the February proposal which would see iQIYI sold for $2.8 billion to a bid... Read more »
Source: variety.com