Pursuits
Baidu to Buy Majority of Travel Site Qunar for $306 Million
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Baidu Inc., owner of China’s most-popular search-engine, said it agreed to buy a majority stake in China travel site Qunar for $306 million.
The purchase will close in the third quarter, Beijing-based Baidu said in a statement today. The deal will be financed by a third-party loan, it said.