bill - 1:20 am on Jul 22, 2013 (gmt 0)
Chinese Search Engine Qihoo to buy Sohuís Search engine, plans to dominate Baidu
Chinese firm Qihoo Technology Co has stated in a press release that it is in early talks with Sohu.com, a leading search engine in China, to buy the same in a deal which could be valued worth up to $1.4 billion. Chinese internet industry has recently seen its furious uprising lately with big firms making acquiring mobility firms to make money off mobile platforms.
This deal would combine the 2nd and 3rd largest search engines in China, which could have a significant impact on Baidu's market share.