Looks like Baidu is raising $1.5 billion of cash.... Maybe to make a play on SINA?
Google: Baidu Announces Pricing of US$1,500,000,000 Notes Offering
Sentiment: Strong Buy
Yep...what it says alright. Has BIDU done this before?
Baidu only has $500 million in debt so this will give them $1 billion in new cash plus BIDU stock to make a play for SINA! We shall see!