Posted on Monday, Jun 26 2006 @ 02:01 CEST by Thomas De Maesschalck
Google has disposed its 2.6 percent holding in Baidu last week:
blockquote>According to US regulatory documents, Google made a substantial profit on its investment in Baidu.
It sold its holding for more than $60m, having acquired the shares for just $5m last year.
Baidu's shares were valued at $27 each when the firm floated last year and are currently trading at about $80 each.