Renren Sells Remaining Stake In Nuomi to Baidu
January 24, 2014 at 05:48 AM EST
Renren (NYSE: RENN ) announced Thursday that Baidu Holdings Limited, a subsidiary of Baidu,. (NASDAQ: BIDU ), Nuomi Holdings and Renren have entered into a definitive agreement, pursuant to which Baidu Holdings Limited will acquire Renren's remaining stake in Nuomi. Subject to the satisfaction or waiver of the