Baidu (BIDU) Slides as UCWeb Deal in Limbo
Posted on June 21, 2012 at 16:56 PM EDT
After showing relative strength on Monday when many expected the Chinese internet search provider to acquire a stake in UCWeb, shares of Baidu.com continue to slide falling 2.64% during today’s trading. The stake in UCWeb would help Baidu extend its pull in the Chinese mobile market because UCWeb developed a mobile Internet browser that is [...]