/image%2F0489110%2F201303%2Fob_911f1ccd1b8a27f8ec533f98c8b2a420_barbantini.jpeg)
RT @TechCrunch: Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video's Importance For Internet Compani... http://t.co/OEXmyzoNCR…
May 07, 2013
Advertising
/http%3A%2F%2Ftctechcrunch2011.files.wordpress.com%2F2013%2F04%2Fscreen-shot-2013-04-25-at-2-32-36-pm.png%3Fw%3D271)
After weeks of rumors, Baidu finally confirmed today that it has acquired the online video business of Shanghai-based PPS for $370 million. PPS will be merged into iQiyi, Baidu's video platform Baidu, to form China's largest online video platform by the number of mobile users and video viewing time.